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HeidelbergCement India provides business update

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Capital Market
Last Updated : Jul 25 2015 | 12:01 PM IST

With reference to NCD issue aggregating Rs 370 crore

HeidelbergCement India announced that with reference to the 370 INR denominated, privately placed, rated, unsecured, redeemable, non- convertible debentures of face value of Rs 1 crore each (Debentures) aggregating to Rs 370 crore, issued by the Company which are listed on the BSE, the Company is maintaining over 100% asset cover to discharge the principal amount in respect of the Debentures allotted on 13 December 2013.

Since the Debentures issued by the Company are unsecured, no charge/mortgage has been created on the assets of the Company for securing the aforesaid debentures.

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First Published: Jul 25 2015 | 11:06 AM IST

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