Hot Pursuit     25-Sep-23
Shree Cement board approves fund raising proposal
Shree Cement announced that its board has approved to raise non convertible debentures (NCDs) worth Rs 700 crore on private placement basis.
The board will issue secured, rated, redeemable, taxable non convertible debentures with a base issue size of Rs 350 crore with an option to retain oversubscription upto Rs 350 crore aggregating to a total issue size of upto Rs 700 crore on private placement basis.

The said debentures will mature on 26 October 2030. The proposed instruments will be listed on BSE and National stock exchange of India (NSE).

Shree Cement is one of India's top three cement producers. Its portfolio of products includes Shree Jung Rodhak Cement, Bangur Cement, Roofon and Rockstrong Cement.

The company's consolidated net profit increased by 105% to Rs 572.3 crore in Q1 FY24 from Rs 279.50 crore in Q1 FY23. Net revenue from operations rose by 15% YoY to Rs 5,064.83 crore in the first quarter of FY24.

The scrip declined 0.47% to Rs 25,811.65 on the BSE.

Previous News
  Shree Cement
 ( Results - Analysis 01-Feb-24   10:01 )
  Shree Cement
 ( Results - Analysis 08-Nov-23   05:36 )
  Shree Cement allots NCDs aggregating Rs 700 cr
 ( Corporate News - 26-Sep-23   12:33 )
  Shree Cement
 ( Results - Analysis 15-Oct-22   07:55 )
  Shree Cement
 ( Results - Analysis 12-Nov-24   07:03 )
  Shree Cement to convene board meeting
 ( Corporate News - 27-Sep-24   10:14 )
  Shree Cement to convene board meeting
 ( Corporate News - 27-Dec-23   13:53 )
  Shree Cement to conduct board meeting
 ( Corporate News - 25-Jun-22   10:49 )
  Shree Cement receives affirmation in credit ratings for CP
 ( Corporate News - 13-Aug-22   11:26 )
  Shree Cement consolidated net profit declines 13.19% in the June 2020 quarter
 ( Results - Announcements 10-Aug-20   18:17 )
  Shree Cement consolidated net profit declines 51.32% in the June 2024 quarter
 ( Results - Announcements 06-Aug-24   14:52 )
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