UltraTech Cement seeks shareholders approval for NCD issue, India

UltraTech Cement seeks shareholders approval for NCD issue, India
03 August 2015


The board of UltraTech Cement Ltd has sought shareholder approval to raise up to INR90bn rupees via issue of non-convertible debentures (NCD) on a private placement basis, the company said in a release to the exchanges today.

The proceeds from the NCD issue will be used to finance ongoing capital expenditure, repay existing loans or for general corporate purposes.

Published under Cement News