Ultratech to raise Rs.9,000 crore

Ultratech to raise Rs.9,000 crore

UltraTech plans to raise up to Rs 9,000 crore through private placement for repayment of existing loans and capital expenditure. The company will seek shareholders´ nod to raise the capital at its Annual General Meeting. Ultratech Cement had reported 6 per cent fall in its consolidated net profit at Rs 591 crore for the first quarter ended June 30 2015, against Rs 628 crore a year-ago.

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