HeidelbergCement India provides business update

With reference to NCD issue aggregating Rs 370 crore

HeidelbergCement India announced that with reference to the 370 INR denominated, privately placed, rated, unsecured, redeemable, non- convertible debentures of face value of Rs 1 crore each (Debentures) aggregating to Rs 370 crore, issued by the Company which are listed on the BSE, the Company is maintaining over 100% asset cover to discharge the principal amount in respect of the Debentures allotted on 13 December 2013.

Since the Debentures issued by the Company are unsecured, no charge/mortgage has been created on the assets of the Company for securing the aforesaid debentures.

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