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Zuari Agro Chemicals Expands Stake in Paradeep Phosphates

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Zuari Agro Chemicals Expands Stake in Paradeep Phosphates

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Zuari Agro Chemicals Ltd. ( (IN:ZUARI) ) has shared an update.

Zuari Agro Chemicals Limited announced the allotment of 6,54,33,846 equity shares of Paradeep Phosphates Limited, following a Scheme of Arrangement involving Mangalore Chemicals & Fertilizers Limited. This strategic move is expected to strengthen Zuari Agro’s position in the agrochemical sector, potentially impacting its market operations and stakeholder interests.

More about Zuari Agro Chemicals Ltd.

Zuari Agro Chemicals Limited operates in the agrochemical industry, focusing on the production and distribution of fertilizers and chemicals. The company is part of the Adventz Group and has a significant market presence in India, with a focus on enhancing agricultural productivity.

Average Trading Volume: 28,155

Technical Sentiment Signal: Buy

Current Market Cap: 11.2B INR

For an in-depth examination of ZUARI stock, go to TipRanks’ Overview page.

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