Zuari Agro Chemicals Ltd allots NCDs for Rs. 90 crores

The Board of Zuari Agro Chemicals Ltd at its meeting held on 23rd February, 2022 had approved the issue of 1,500 senior, secured, unrated, unlisted, redeemable, non-convertible debentures denominated in Indian Rupees ("INR") of a face value of INR 10,00,000 each, aggregating up to INR 150,00,00,000 ("Debentures") in one or more tranches on private placement basis for the purposes of repayment of existing debt, towards long term working capital purposes of the Company and towards other costs and expenses.

The NCD Committee of the Board of Directors of the Company, at its meeting held today i.e. 25th February, 2022, has approved the allotment of 900 senior, secured, unrated, unlisted, redeemable, non-convertible debentures denominated in Indian Rupees ("INR") of a face value of INR 10,00,000 each, aggregating to INR 90,00,00,000 ("Debentures")

Shares of Zuari Agro Chemicals Limited was last trading in BSE at Rs. 120.80 as compared to the previous close of Rs. 111.50. The total number of shares traded during the day was 15863 in over 643 trades.

The stock hit an intraday high of Rs. 121.60 and intraday low of 116.55. The net turnover during the day was Rs. 1890871.00.

Source : Equity Bulls

Keywords

ZuariAgroChemicals INE840M01016 NCDs FundRaising