UltraTech Cement Allots ₹5000 Cr Non-Convertible Debentures

UltraTech Cement Limited's Finance Committee has approved the allotment of 5,00,000 unsecured, listed, rated, redeemable, non-convertible debentures worth ₹5000 crore on a private placement basis. The debentures are divided into three series with varying tenures and coupon rates, ranging from 7.22% to 7.25%. The funds raised will be utilized for general corporate purposes, with maturity dates extending up to August 2031. This move signifies the company's strategy to raise capital through debt instruments.