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Shree Cement gets nod to raise funds up to Rs 700 crore via NCDs

25 Sep 2023 Evaluate

Shree Cement has received an approval for the issuance of Secured, rated, redeemable, taxable, non-convertible debentures (NCDs) with a base issue size of Rs 350 crore with an option to retain oversubscription upto Rs 350 crore aggregating to a total size of upto Rs 700 crore on private placement basis. The ‘NCD Committee’ of the Board of Directors of the Company at its meeting held on September 25, 2023, has approved the same. 

Shree Cement is a rapidly growing Company focused on its core business of Cement & Power. 


Peers
Company Name CMP
Ultratech Cement 11020.00
Ambuja Cements 374.90
ACC 1217.50
Shree Cement 22215.80
Dalmia Bharat 1655.25
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