Zuari Agro Chemicals Ltd approves issue of NCDs

The Board of Directors of Zuari Agro Chemicals Limited in its meeting held today, i.e. 23rd September, 2023, has considered and approved the proposal for issue of up to 1,250 (One Thousand Two Hundred and Fifty) secured, unrated, unlisted, redeemable, non-convertible debentures denominated in Indian Rupees of a face value of INR 10,00,000/- (Indian Rupees Ten Lakhs) each aggregating up to INR 125,00,00,000 (Indian Rupees One Hundred and Twenty Five Crores) in one or more tranches, on private placement basis.

The Board has also approved the raising of funds by way of issuance of non-convertible debentures up to Rs. 500 crores in one or more tranches, in future as and when deemed fit.

Shares of Zuari Agro Chemicals Limited was last trading in BSE at Rs. 155.55 as compared to the previous close of Rs. 155.30. The total number of shares traded during the day was 6088 in over 305 trades.

The stock hit an intraday high of Rs. 157.50 and intraday low of 153.85. The net turnover during the day was Rs. 944667.00.

Source : Equity Bulls

Keywords

ZuariAgroChemicals INE840M01016 FundRaising NCDs