UltraTech Cement Limited — QIP/Rights/Pref., 26-11-2024: Allotment of Securities

UltraTech Cement Limited has announced the allotment of Unsecured Redeemable Non-Convertible Debentures (NCDs) worth Rs 1,000 crores through private placement. The NCDs, which have a tenure of 10 years, feature a coupon rate of 7.22%. Interest payments are scheduled annually, starting from November 26, 2025, with the principal amount due on November 24, 2034. The issuance aims to enhance the company’s financial flexibility, with the NCDs proposed for listing on the National Stock Exchange of India.