UltraTech Cement Limited announced that its Finance Committee has approved the allotment of Rs 5,000 crore in fully paid, unsecured, listed, rated, redeemable, rupee-denominated, non-convertible, non-cumulative debentures on a private placement basis, according to a filing with the BSE Limited and the National Stock Exchange of India Limited on Wednesday. The debentures are split into three series: Series I and II with an issue size of Rs 1,500 crore each, and Series III with an issue size of Rs 2,000 crore, with tenures of 2 years 6 months, 3 years 6 months, and 5 years respectively.