Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Zuari Agro Chemicals Ltd. ( (IN:ZUARI) ).
Zuari Agro Chemicals Ltd. has disclosed that its associate Zuari Maroc Phosphates Private Limited has allotted 6,916,173 equity shares of ₹10 each to the company following the conversion of an equivalent number of compulsorily convertible preference shares previously held by Zuari Agro. The transaction, reported under SEBI’s Listing Obligations and Disclosure Requirements, effectively converts Zuari Agro’s preference shareholding in Zuari Maroc Phosphates into equity, potentially strengthening its equity stake and influence in the associate entity while simplifying the capital structure of that investment.
More about Zuari Agro Chemicals Ltd.
Zuari Agro Chemicals Ltd., headquartered in Goa, operates in the agrochemicals and fertiliser industry, supplying fertilisers and related agricultural inputs to the Indian market under the broader Adventz Group umbrella.
Average Trading Volume: 26,429
Technical Sentiment Signal: Strong Buy
Current Market Cap: 13.26B INR
See more insights into ZUARI stock on TipRanks’ Stock Analysis page.