UltraTech Cement allots INR 2,000 crore in debentures

UltraTech Cement (ULTRACEMCO) announced the allotment of ₹2,000 crore in Unsecured Redeemable Non-Convertible Debentures (NCDs) following approval from its board's Finance Committee on March 5, 2025. These NCDs are being issued on a private placement basis. The company specified that the allotment adheres to Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The NCDs are listed on the National Stock Exchange of India Limited (INE481G01011). Series I debentures for Rs 1,000 crores have a tenure of 2 years 364 days and mature on 3rd March, 2028 with a coupon interest of 7.34%. Series II debentures are also for Rs 1,000 crores but have a tenure of 5 years and mature on 5th March, 2030 also with a coupon interest of 7.34%.