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Zuari Agro approves raising up to Rs 400 crore

The board has constituted a committee for implementation of the fundraising plan

BS Web Team 

Zuari Agro Chemicals facility
Zuari Agro Chemicals facility

The board of Chemicals Ltd has approved raising up to Rs 400 crore of funds by issuing equity shares through the qualified institutional placement (QIP) route, the company said in a statement to stock exchanges on Tuesday. 

also said in the statement that it could alternatively use any other permissible mode or a combination in one or more tranches.
 
The board has constituted a committee for implementation of the fundraising plan.

First Published: Tue, November 21 2017. 11:43 IST
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