UltraTech Cement may raise Rs 1,000 cr through NCDs

New Delhi: Aditya Birla Grp cement maker UltraTech is mulling raising Rs 1,000 crore by way of issue of non-convertible debentures (NCDs).

The NCDs will be issued on private placement basis on or after 30 December 2020, the company said in a regulatory filing. 

"The company (Ultratech Cement) is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured NCDs of Rs 10,00,000 each aggregating to Rs 1,000 crore, on private placement basis," UltraTech said in the filing.

The Board of the company had approved raising of funds in May this year.