UltraTech Cement Ltd approves allotment of Rs 5,000 crore in non-convertible debentures
UltraTech Cement Limited has approved the allotment of non-convertible debentures totaling Rs 5,000 crores on a private placement basis. The company's Finance Committee, comprising members of the Board of Directors, sanctioned the issuance of these unsecured and fully paid instruments, which are set to be listed.The company allotted 5,00,000 non-convertible debentures, each valued at Rs 1,00,000/-. These debentures are rupee denominated, redeemable, and non-cumulative.The issuance covers three series of debentures with different tenures and interest rates: Series I, Series II, and Series III. Allottee details regarding the structure, tenure...