Zuari Agro Chemicals trades higher on raising Rs 90 crore through NCDs
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Zuari Agro Chemicals is currently trading at Rs. 122.65, up by 1.85 points or 1.53% from its previous closing of Rs. 120.80 on the BSE.
The scrip opened at Rs. 120.80 and has touched a high and low of Rs. 123.65 and Rs. 117.95 respectively. So far 4605 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.90 on 12-Jul-2021 and a 52 week low of Rs. 83.30 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 137.90 and Rs. 110.95 respectively. The current market cap of the company is Rs. 512.06 crore.
The promoters holding in the company stood at 65.04%, while Institutions and Non-Institutions held 3.10% and 31.86% respectively.
Zuari Agro Chemicals has raised Rs 90 crore through senior, secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) denominated in Indian Rupees and allotted 900 NCDs having face value of Rs 10 lakh on Private Placement basis. The board of directors at its meeting held on February 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.
