UltraTech Cement To Issue Commercial Papers With 3-Month Maturity: Traders

UltraTech Cement has received commitments worth around 7.50 billion rupees ($94.60 million), merchant bankers said.

UltraTech Cement To Issue Commercial Papers With 3-Month Maturity: Traders

UltraTech Cement will offer a yield of 5.88% on this issue.

Mumbai:

UltraTech Cement Ltd plans to raise funds selling commercial papers maturing in three months, two merchant bankers said on Thursday.

The company will offer a yield of 5.88% on this issue, and has received commitments worth around 7.50 billion rupees ($94.60 million), they said.

The notes are rated A1 by India Ratings.

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