Zuari Agro Chemicals has filed a document with the market regulator SEBI to raise Rs 500 crore through rights issue of debentures. In June last year, the company's board had approved raising of funds by way of issue of compulsory convertible debentures to the existing shareholders on a rights basis (Rights Issue) up to Rs 500 crore.
Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.
