Joint Venture10 Oct 2025, 06:43 pm
Zuari Agro Chemicals Allots INR 177.4 Crores for 69 Lakh CCPS in Zuari Maroc Phosphates Private Limited
AI Summary
Zuari Agro Chemicals Ltd has allotted INR 177.39 crores for 69,16,173 Compulsorily Convertible Preference Shares (CCPS) in Zuari Maroc Phosphates Private Limited (ZMPPL). The CCPS allotment is a part of a joint venture between Zuari Agro Chemicals and OCP S.A. The CCPS allotment is completed as of October 10, 2025. ZMPPL is a joint venture company between Zuari Agro Chemicals and OCP, incorporated on January 24, 2002, and is engaged in the trading of fertilizers and investments. The turnover of ZMPPL over the last 3 financial years is provided in the text.
Key Highlights
- Zuari Agro Chemicals allotted INR 177.39 crores for 69,16,173 CCPS in ZMPPL.
- ZMPPL is a joint venture between Zuari Agro Chemicals and OCP S.A.
- The CCPS allotment is a part of the joint venture agreement between the two companies.
- ZMPPL's turnover over the last 3 financial years is provided in the text.
- The acquisition is complete as of October 10, 2025.