UltraTech Cement to raise Rs 300 cr via private placement

UltraTech Cement to raise Rs 300 cr via private placement

UltraTech Cement Limited is planning to raise Rs 300 crore through private placement of Non-Convertible Debentures (NCDs).
After the announcement, UltraTech Cement Ltd ended at Rs 4,038.4, up by Rs 56.1 or 1.41 per cent from its previous closing of Rs 3,982.3 on the BSE.
The scrip opened at Rs 3,970.65 and touched a high and low of Rs 4,057 and Rs 3,939.25 respectively. A total of 222,623 shares were traded on the counter. The current market cap of the company is Rs 110,833.95 crore.
The promoters holding in the company stood at 62.27 per cent while Institutions and Non-Institutions held 26.45 per cent and 11.28 per cent respectively.
The stock traded above its 50 DMA.

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