UltraTech Cement to raise Rs 5,000 crore via NCDs on July 23
UltraTech Cement's Finance Committee is scheduled to meet on July 23, 2026, to consider raising up to Rs 5,000 crore via Non-Convertible Debentures. The issue involves up to 5,00,000 debentures with a face value of Rs 1,00,000 each, to be issued in one or more tranches on a private placement basis.
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UltraTech Cement's Finance Committee is scheduled to meet on July 23, 2026, to consider a proposal to raise funds aggregating up to Rs 5,000 crore through the issuance of Non-Convertible Debentures (NCDs). The committee will evaluate the terms and conditions of the issue, which aims to bolster the company's financial resources through private placement.
The proposed instrument involves the issuance of up to 5,00,000 fully paid, unsecured, listed, rated, redeemable, and rupee-denominated non-convertible, non-cumulative debentures. Each debenture will have a face value of Rs 1,00,000. The funds will be raised in one or more tranches, providing flexibility in execution based on market conditions and requirements.
Key Details of the Proposed Issue
| Feature | Details |
|---|---|
| Instrument | Non-Convertible Debentures (NCDs) |
| Aggregate Amount | Up to Rs 5,000 crore |
| Number of Debentures | Up to 5,00,000 |
| Face Value | Rs 1,00,000 per debenture |
| Nature | Unsecured, listed, rated, redeemable, non-cumulative |
| Denomination | Rupee denominated |
| Basis | Private placement |
The initiative follows an earlier approval granted by the Board of Directors of UltraTech Cement to raise funds via NCDs, foreign currency loans, rupee term loans, or other instruments. The upcoming meeting focuses specifically on the NCD component of this broader authorization.
The intimation was submitted to the BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 29 and 50 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dhiraj Kapoor, Company Secretary and Compliance Officer, signed the disclosure on behalf of UltraTech Cement.
Historical Stock Returns for UltraTech Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.60% | +4.52% | +6.07% | +0.29% | -3.84% | +62.89% |
What specific capital allocation plans does UltraTech Cement have for the Rs 5,000 crore raised through these NCDs?
How will the issuance of unsecured debt impact UltraTech Cement's credit ratings and future borrowing costs?
What is the anticipated coupon rate for these debentures given the current interest rate environment and market conditions?
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