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Nuvoco Vistas Corporation raises Rs 350 crore through NCDs

30 Aug 2022 Evaluate

Nuvoco Vistas Corporation has raised Rs 350 crore through Secured, Redeemable, Listed, Rated Non-Convertible Debentures (NCDs) and allotted 3,500 NCDs having face value of Rs 10,00,000 each for cash at par on a Private Placement basis. NCDs shall be redeemed at the end of the 3 years from the date of allotment i.e. August 29, 2022.

Nuvoco Vistas Corporation, a part of Nirma Group Company is among one of the largest cement companies and concrete manufacturers in India. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.

Peers
Company Name CMP
Ultratech Cement 10693.85
Ambuja Cements 356.50
ACC 1166.25
Shree Cement 21738.30
Dalmia Bharat 1639.95
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