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UltraTech Cement plans to raise ₹5,000 crore from market
The Finance Committee of the board approved a proposal to raise funds by issuance of up to 5,00,000 non-convertible, non-cumulative debentures of ₹1,00,000 each
TL;DRAI
UltraTech Cement approved ₹5,000 crore fundraise via 500,000 non-convertible debentures for capex expansion. The raise signals infrastructure investment positioning; key for tracking cement sector growth and India's construction capex cycle.
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