Zuari Agro Chemicals has received approval to raise Rs 150 crore through issue of 1,500 secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) denominated in Indian Rupees of a face value of Rs 10,00,000 each in one or more tranches, on private placement basis. The board of directors at its meeting held on February 23, 2022 has approved the same.
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.
