UltraTech Cement has announced the successful allotment of its Unsecured Redeemable Non-Convertible Debentures (NCDs) amounting to Rss1,000cr on private placement basis.
The debentures carry an interest rate of 4.57% p.a.
The securities were proposed to be listed on the NSE. The tenure of the NCDs will be 2 years and 358 days, according to the filing that company made to the exchanges. Date of Maturity will, hence, fall on December 29, 2023.
While the payment of interest will be done on December 29, 2021; December 29, 2022; and December 29, 2023.
At around 2:53PM, the company was trading at Rs5,316.20 per piece down by 0.20% on the BSE.