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News
Zuari Group
Zuari Group News
Vijay Mallya
13 Dec 2015
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
18 May 2015
Zuari Group pledges 8.23% stake in MCFL to HDFC
Zuari Group has pledged its 8.23 percent stake in Mangalore Chemicals and Fertilisers Ltd (MCFL) to HDFC for partly financing its acquisition of 36.56 percent stake in the company.
Zuari Group
12 Apr 2015
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.
Competition Commission
01 Apr 2015
Zuari to launch open offer in 12 days to acquire stake in MCFL
With Competition Commission's approval in place, Zuari Group is in discussions with investment bankers to launch its open offer in next 12 days to acquire additional 36.56 per cent stake in MCFL.
Zuari Group
31 Mar 2015
CCI approves Zuari's open offer to acquire 36% stake in MCFL
In a boost to Zuari Group, the Competition Commission has approved its revised voluntary open offer to acquire additional 36.56 percent stake in MCFL, for which it is locked in a takeover battle with Deepak Fertilisers.
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