Zuari Agro Chemicals informs about business updates

Zuari Agro Chemicals has informed that the Company has entered into an agreement for availment of Term loan with RBL Bank (formerly known as The Ratnakar Bank) towards Capex/reimbursement for normal Capex, renovation/up gradation of the Goa Plant & Long term working capital requirements of the Company amounting to Rs 160 Crore, which would be taken in one or more tranches. Further disclosed that, RBL Bank is neither a promoter nor a Related Party to the Company.

The above information is a part of company’s filings submitted to BSE.