UltraTech Cement plans to raise ₹5,000 cr via NCDs
UltraTech Cement plans to raise ₹5,000 crore through non-convertible debentures, following a 17.23% increase in June quarter net profit to ₹2,603.72 crore. This funding will support its growth initiatives in the cement and new cables and wires business.
pre-market1 source ↓written by the desknot a recommendation
- through the issuance
- ₹5,000 cr
- 5,00,000 debentures
- each
- ₹1,00,000
- rise in net
- 17.23%
- for the June
- ₹2,603.72 cr
UltraTech Cement announced plans to raise ₹5,000 cr through the issuance of non-convertible debentures (NCDs) on a private placement basis. The Finance Committee approved the proposal for up to 5,00,000 debentures at ₹1,00,000 each. This move follows a 17.23% rise in net profit to ₹2,603.72 cr for the June quarter, indicating strong financial health.
Not investment advice. For informational purposes only.