UltraTech Cement plans ₹5,000 crore bond raise to lower borrowing costs
The Aditya Birla Group company plans AAA-rated rupee bond issuances across 2.5-, 3.5- and five-year tenures, following acquisitions and capacity expansion. The proposed raise includes ₹3,000 crore in shorter-tenure bonds and ₹2,000 crore in five-year bonds.
Aditya Birla Group’s UltraTech Cement plans to raise ₹5,000 crore through AAA-rated rupee bonds across 2.5-, 3.5- and 5-year maturities to reduce borrowing costs after acquisitions and expansion. It has ₹3,500 crore of bonds outstanding.
Why this matters
UltraTech Cement’s planned bond raise follows recent signals on its ₹5,000 crore NCD approval for capacity expansion and its ₹240 final dividend declaration.
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