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UltraTech Cement, an Aditya Birla Group company, plans to raise ₹3,000 crore through an issue of non-convertible debentures.
In a meeting held on Friday, the Finance Committee of the board of directors of the company at its meeting approved a proposal to raise ₹3,000 crore through issuance of up to 3 lakh fully paid, unsecured, listed, rated, redeemable, rupee denominated, non-convertible, non-cumulative debentures of ₹1 lakh each.
The issuance, which will be through private placement, will be in one or more tranches, it said.
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