Zuari Global board raises Rs150cr via NCD issue; Stock soars 2%

Debentures will be redeemed in full on date of maturity of the Debentures.

Jul 02, 2021 12:07 IST India Infoline News Service

Zuari Global Ltd has informed that the NCD Committee of the board of directors on 30th June 2021, has approved the allotment of 1,500 secured, unrated, unlisted, redeemable non-convertible debentures of a face value of Rs 10,00,000 each, at par, aggregating up to Rs 150,00,00,000 ("Debentures").

Debentures will be redeemed in full on date of maturity of the Debentures (i.e. after 36 months from date of allotment).

At around 12:40 PM, Zuari Global was trading at Rs129.55 per piece up by Rs2.6 or 2.05% from its previous closing of Rs126.95 per piece on the BSE.

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