UltraTech Cement Limited announced that its Finance Committee has approved the allotment of 5,00,000 non-convertible debentures. These debentures, each with a face value of ₹1,00,000, amount to a total issuance of ₹5,000 crore. The allotment will be done on a private placement basis, with the unsecured, listed, rated, and redeemable debentures set to strengthen the company’s financial resources.
UltraTech Cement Secures ₹5,000 Crore Funding Through Debentures
UltraTech Cement Limited has announced a significant step in its capital-raising strategy, with its Finance Committee approving the allotment of Non-Convertible Debentures (NCDs) totaling ₹5,000 crore. The decision was made during a meeting on August 3, 2026.
Debenture Issuance Details
The approved issuance comprises 5,00,000 fully paid, unsecured, listed, rated, and redeemable NCDs. Each debenture will have a face value of ₹1,00,000/-, bringing the aggregate amount to ₹5,000 crore (Rupees Five Thousand Crores only). This funding will be raised through a private placement basis.
Series Breakdown and Terms
The debentures are structured across three series, each with distinct characteristics:
Series I Debentures
- Issue Size: ₹1,500 crore
- Tenure: 2 years 6 months
- Coupon Rate: 7.22%
- Maturity Date: February 2, 2029
Series II Debentures
- Issue Size: ₹1,500 crore
- Tenure: 3 years 6 months
- Coupon Rate: 7.23%
- Maturity Date: February 1, 2030
Series III Debentures
- Issue Size: ₹2,000 crore
- Tenure: 5 years
- Coupon Rate: 7.25%
- Maturity Date: August 1, 2031
For all series, the deemed date of allotment is August 3, 2026. Interest payments for Series I and II are scheduled semi-annually, while Series III includes more frequent interest payments and a final redemption date of August 1, 2031. The debentures are redeemable at par.
Listing and Compliance
The NCDs are proposed to be listed on the National Stock Exchange of India Limited. Detailed disclosures as required under the Listing Regulations are attached separately as Annexure A. This issuance is a strategic move by UltraTech Cement to secure long-term financing and manage its capital structure effectively.
Source: BSE
