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, coupon rate, and repayment schedule for each series are provided below.
Table detailing the Non-Convertible Debenture Series
| Feature | Series I Debentures | Series II Debentures | Series III Debentures |
|---|---|---|---|
| Issue Size | Rs 1,500 crore | Rs 1,500 crore | Rs 2,000 crore |
| Proposed Listing | National Stock Exchange of India Limited | National Stock Exchange of India Limited | National Stock Exchange of India Limited |
| Tenure | 2 years 6 months | 3 years 6 months | 5 years |
| Date of Allotment | August 3, 2026 | August 3, 2026 | August 3, 2026 |
| Date of Maturity | February 2, 2029 | February 1, 2030 | August 1, 2031 |
| Coupon / Interest Offered | 7.22% | 7.23% | 7.25% |
| Schedule of Interest Payment | August 3, 2027; August 3, 2028; February 2, 2029 | August 3, 2027; August 3, 2028; August 3, 2029; February 1, 2030 | August 3, 2027; August 3, 2028; August 3, 2029; August 5, 2030; August 1, 2031 |
| Schedule of Principal Payment | February 2, 2029 | February 1, 2030 | August 1, 2031 |
| Charge / Security | Not applicable | Not applicable | Not applicable |
All debentures are scheduled to be redeemed at par. Series I Debentures will have a redemption date of February 2, 2029. Series II Debentures are set to be redeemed on February 1, 2030. The longest tenured instrument, Series III, is due for redemption on August 1, 2031.
ULTRACEMCO Stock Price Movement
Shares of UltraTech Cement Limited are climbing to ₹11951 as of 12:26 PM, pushing the stock up by 0.40% in live trading. The equity shows strong buying activity, with a volume totaling 43,809 shares and has moved within an intraday range bounded by ₹11905 and ₹12000.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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