Zuari Agro Chem to issue CCDs worth Rs 405 crore
4th Jul 2019

Zuari Agro Chemicals will issue compulsory convertible debentures (CCDs) worth Rs 405 crore. The CCDs will be issued to the company's shareholders at the rate of Rs 120 apiece. In total, 3.36 crore CCDs will be issued.

A decision in this regard was taken in the Right Issue Committee meeting. CCDs will issue in the ratio of 4:5, which means 4 CCDs will be issued for every five equity shares held by eligible shareholders of the company as on the record date.

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.