Zuari Agro Chemicals has been allotted 6,54,33,846 equity shares of Rs. 10/- each of Paradeep Phosphates.

The allotment has been made in the ratio of 187 fully paid-up equity shares of PPL of Rs.10/- each for every 100 fully paid-up equity shares of Mangalore Chemicals & Fertilizers (MCFL) of Rs.10/- each in lieu of 3,49,91,362 equity shares of Rs.10/- each held in MCFL.

This allotment has been made pursuant to Scheme of Arrangement amongst MCFL, PPL and their respective shareholders and creditors.

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