Agric Firm Secures N2bn Non-Equity Fund Ahead Of Expansion Drive

Zichis Agro Allied Industries Plc has announced a strategic non-equity capital injection of N2 billion into the Company by its core promoters, Chilla Entertainment Limited and Winners Investment & Trust Limited.
The Company made this known in a statement released on the Nigerian Exchange Limited.
The statement stated that “the capital injection further demonstrates the promoters’ continued confidence in the Company’s vision, growth prospects, and long-term value creation strategy. This is a senior liability to the Company which will be treated as a long-term liability in the balance sheet of the Company to be redeemed at a future date in terms of debt conversion to equity during a pub...