Zuari Agro allotted 69.16 lakh CCPS in joint venture ZMPPL
ZUARI · price
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Zuari Agro was allotted 69,16,173 non-voting compulsorily convertible preference shares in ZMPPL on October 10, 2025, for cash consideration of INR 177.40 crore. OCP received an equal allotment, leaving each with 50% of ZMPPL's share capital. ZMPPL will raise funds for the scheme involving MCFL and PPL. The deal is a related-party transaction at arm's length, priced using a September 18, 2025 valuation.
The INR 177.40 crore cash outlay raises exposure to ZMPPL, while equal OCP funding balances ownership and supports the MCFL-PPL scheme.