Zuari Global has received approval for issuance of rated, listed, redeemable, Non-Convertible Debentures (NCDs) of a tenor not exceeding 3 years for an aggregate consideration not exceeding Rs 200 crore on Private Placement basis. The Board of Directors of the Company at its meeting held on June 26, 2019 has approved the same.
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.