UltraTech Cement, one of India`s largest cement producers, has decided to raise Rs 500 crore through issuance of secured redeemable non-convertible debentures (NCDs) on private placement basis. The proposed issue will be listed on National Stock Exchange (NSE) with deemed date of allotment on August 22, 2016. The debentures will mature on August 21, 2026. The company will offer coupon/interest rate of 7.53% per annum on these debentures.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies strength, reliability and innovation.