Zuari Agro Chemicals surges on getting nod to raise Rs 25 crore via NCDs
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Zuari Agro Chemicals is currently trading at Rs. 148.00, up by 0.60 points or 0.41% from its previous closing of Rs. 147.40 on the BSE.
The scrip opened at Rs. 149.90 and has touched a high and low of Rs. 154.50 and Rs. 147.90 respectively. So far 142788 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.40 on 21-Apr-2022 and a 52 week low of Rs. 93.00 on 02-Jun-2021.
Last one week high and low of the scrip stood at Rs. 170.00 and Rs. 135.00 respectively. The current market cap of the company is Rs. 630.87 crore.
The promoters holding in the company stood at 65.04%, while Institutions and Non-Institutions held 2.71% and 32.24% respectively.
Zuari Agro Chemicals has received an approval for the allotment of 250 senior, secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) denominated in Indian Rupees of a face value of Rs 10,00,000 each, aggregating to Rs 25 crore. The NCD Committee of the Board of Directors of the Company at its meeting held on May 25, 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.
