UltraTech Cement has received approval for a proposal to raise funds by issuance of up to 3,00,000 fully paid, unsecured, listed, rated, redeemable, rupee denominated, non-convertible, non-cumulative debentures (NCDs) of Rs 1,00,000 each aggregating up to Rs 3,000 crore, in one or more tranches, on private placement basis. The Finance Committee of the Board of Directors of the company at its meeting held on November 15, 2024 has inter-alia approved the same.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
