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Zuari Agro Chemicals has received Rs 100 crore as unsecured deposit from promoter Adventz Finance for meeting its working capital requirements.
Zuari Agro has said in a regulatory filing that “The company has availed an unsecured Inter Corporate Deposit (ICD) of Rs 100 crore from Adventz Finance Pvt, a promoter of the company, for a period of 12 months.”
Kapil Mehan, Zuari Agro’s MD has said that the money will be used for meeting working capital and other related requirements.
