EID Parry to raise funds up to Rs 100 crore via NCDs

EID Parry (India) has received an approval to issue Non-Convertible debentures (NCDs) for an amount not exceeding Rs 100 crore on a private placement basis. The Board of Directors of the company at their meeting held on July 29, 2019, approved the same.

EID Parry (India) is a significant player in Sugar with interests in promising areas of Bio Pesticides and Nutraceuticals. The company also has a significant presence in Farm Inputs business through its subsidiary, Coromandel International.