UltraTech Cement to Raise ₹5,000 Cr via NCDs

UltraTech Cement Ltd's Finance Committee has approved a proposal to raise up to ₹5,000 crores through the issuance of Non-Convertible Debentures (NCDs). The NCDs will be fully paid, unsecured, listed, rated, redeemable, rupee-denominated, non-convertible, and non-cumulative, with a face value of ₹1,00,000 each. The fundraising will occur in one or more tranches on a private placement basis. This move aims to strengthen the company's financial flexibility and fund its growth initiatives.