UltraTech Cement has proposed to issue unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 400 crore on private placement basis. The securities, proposed to be listed on NSE, will have tenure of 5 years and the interest offered is 6.99 percent per annum. The date of allotment for the NCDs is November 24, 2016.
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.