Ultratech Cement in talks to raise Rs.5,000-Cr

Mumbai-based UltraTech Cement is in talks with merchant bankers and arrangers to raise INR 5,000 crore in debt through a bond issuance. This transaction represents the largest rupee bond funding for the company to date.Founded in 1983, UltraTech Cement maintains a significant market presence and scale, which it has utilised to manage fuel cost fluctuations. The company intends to deploy the proceeds from this bond sale to support its financial operations, with the issuance structured across three tranches maturing in 2.5, 3.5 and 5 years.