Zuari Industries has received approval for the issuance of up to 2,000 Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each at par, and aggregate nominal value of up to Rs 200 crore, for cash in dematerialised form, on a private placement basis. The Board of Directors of the company at their meeting held on September 26, 2023 has, inter alia, considered and approved the same.
Zuari Global, erstwhile Zuari Industries, has been the Group holding company for the Adventz Group of Companies, with forays into fertilizer, heavy engineering, infrastructure, lifestyle and services.