Zuari Agro Chemicals moves up on raising Rs 35 crore via NCDs
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Zuari Agro Chemicals is currently trading at Rs. 154.90, up by 0.80 points or 0.52% from its previous closing of Rs. 154.10 on the BSE.
The scrip opened at Rs. 154.90 and has touched a high and low of Rs. 155.50 and Rs. 154.20 respectively. So far 600 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.55 on 25-Oct-2022 and a 52 week low of Rs. 116.15 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 159.50 and Rs. 153.30 respectively. The current market cap of the company is Rs. 648.11 crore.
The promoters holding in the company stood at 65.28%, while Institutions and Non-Institutions held 2.09% and 32.61% respectively.
Zuari Agro Chemicals has raised Rs 35 crore through the allotment of 350 senior, secured, unrated, unlisted, redeemable, nonconvertible debentures (NCDs) denominated in Indian Rupees (INR) of a face value of Rs 10,00,000 each, to India Credit Opportunities Fund II. The Allotment Committee of the Company in its meeting held on October 5, 2023 has approved allotment of 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.
