UltraTech Cement Limited — QIP/Rights/Pref., 05-03-2025: Allotment of Securities

UltraTech Cement has announced the allotment of Unsecured Redeemable Non-Convertible Debentures (NCDs) totaling ₹2,000 crores through private placement. This issuance comprises two series of debentures: Series I of ₹1,000 crores with a tenure of 2 years and Series II also of ₹1,000 crores with a tenure of 5 years, both offering a coupon rate of 7.34%. Series I matures on March 3, 2028, while Series II matures on March 5, 2030. The proceeds are likely aimed at enhancing liquidity and funding future projects or capital expenditures.