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Board of Zuari Agro Chemicals approve fund raising up to Rs 500 crore

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Capital Market
Last Updated : Jun 25 2018 | 5:51 PM IST

At meeting held on 25 June 2018

The Board of Zuari Agro Chemicals has given its in-principal approval for the raising of funds by issue of Compulsory Convertible Debentures (CCDs) by way of a Rights Issue to the existing shareholders of the Company on a record date for an amount not exceeding Rs. 500 crore in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended. The Board has constituted a Committee of Directors to decide on the ration, price and respective matters as may be necessary.

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First Published: Jun 25 2018 | 5:36 PM IST

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