UltraTech Cement to raise ₹5,000 crore via AAA-rated rupee bonds
UltraTech Cement plans to raise ₹5,000 crore through rupee-denominated bonds to bring down borrowing cost, split across maturities: ₹3,000 crore in 2.5- and 3.5-year bonds at ~7.22–7.23% coupons and ₹2,000 crore in a 5-year bond at a 7.25% coupon. Bonds received CRISIL’s highest AAA rating, and the firm highlights higher June-quarter profit and resilience to fuel-cost pressure.