Business & Investment

UltraTech Cement Ltd. : UltraTech Cement raises Rs 1,000 via NCD on a private placement basis

New Delhi: Tuesday UltraTech Cement announced that it has raised Rs 1,000 from the allocation. Non-convertible bonds (NCD) Private placement base. On December 26, the company said it was considering a rating, listing, non-convertible, redeemable, and unsecured 10,000 funding proposal. NCD From December 30, 2020, a total of 10,00,000 rupees will be added to 1,000 rupees on a private placement basis.

“The company has approved the allocation of unsecured redeemable non-convertible bonds up to Rs 1,000 on a private placement basis,” UltraTech said in a regulatory filing.

The coupon rate for these NCDs is 4.57% per year, Indian National Stock Exchange.. The company added that the NCD has a holding period of 2 years and 358 days.

Shares of UltraTech Cement were trading at BSE for Rs 5,284.80, down 0.79%.



UltraTech Cement Ltd. : UltraTech Cement raises Rs 1,000 via NCD on a private placement basis

https://economictimes.indiatimes.com/markets/stocks/news/ultratech-cement-raises-rs-1000-crore-via-ncds/articleshow/80110907.cms UltraTech Cement Ltd. : UltraTech Cement raises Rs 1,000 via NCD on a private placement basis

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