UltraTech Cement to raise Rs 500 cr via debentures

Image
Press Trust of India New Delhi
Last Updated : Aug 18 2016 | 8:42 PM IST
UltraTech Cement is looking to raise Rs 500 crore through issuance of secured redeemable non-convertible debentures (NCDs) on private placement basis.
The proposed issue of Rs 500 crore debentures will be listed on National Stock Exchange with deemed date of allotment on August 22, 2016, the company said in a BSE filing today.
According to the statement, these debentures will mature on August 21, 2026. The company will offer coupon/interest rate of 7.53 per cent per annum on these debentures.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 18 2016 | 8:42 PM IST

Next Story