Zuari Global enters into agreement with Axis Finance to avail loan facility

24 Sep 2018 Evaluate

Zuari Global has entered into a facility agreement with Axis Finance to avail loan facility and an overdraft facility not exceeding Rs 85 crore and an overdraft facility up to an amount not exceeding Rs 5 crore.

The said facility will be utilized for distillery project of 'Gobind Sugar Mills’, through Zuari Investments, wholly owned subsidiary of the company. The said facility is secured by first charge by way of mortgage over land, Hypothecation and escrow of the dividend receivables by the company and Non-disposal undertaking (NDU) for equity investments held by the company in Zuari Agro Chemical and Chambal Fertilizers & Chemicals.

Zuari Global, erstwhile Zuari Industries, has been the principal promoter entity for the Zuari Group of Companies, with forays into fertilizer, seeds, engineering, lifestyle industries and services.

Zuari Industries Share Price

325.85 3.65 (1.13%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Adani Enterprises 3193.55
Redington 208.20
Amrapali Industries 13.87
Rashi Peripheral 312.50
Compuage Infocom 4.21
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.