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Zuari group lines up Rs 300 crore for MCFL to double capacity

After gaining a controlling stake in the UB Group-promoted MCFL, the Zuari group plans to invest Rs 300 crore to double production capacity of phosphatic fertiliser at the Mangaluru plant.

Zuari group firming up plans to consolidate MCFL stake

Locked in a bitter takeover battle for fertiliser firm MCFL, Saroj Poddar-led Zuari group is firming up plans to acquire majority stake in the target company within two years.

Govt rejects Vijay Mallya's reappointment as Kingfisher MD; quits MCFL board too

In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re- appointment as Managing Director of Kingfisher Airlines while he also had to quit from board of another group company MCFL.

Vijay Mallya resigns from board of UB group fertiliser firm MCFL

In a surprise move, Vijay Mallya has resigned as director from his group firm Mangalore Chemicals and Fertilizers, which is the target of a takeover battle between Deepak Fertilisers and Zuari Group.

SBI sells 7.07 lakh shares of UB Group's MCFL for Rs 4 cr

State Bank of India (SBI) today sold UB group's over seven lakh shares in Mangalore Chemicals and Fertilizers Ltd (MCFL) worth nearly Rs 4 crore.