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.
Dec 13, 2015, 18:06 PM IST
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.
May 18, 2015, 22:00 PM IST
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.
Apr 12, 2015, 13:17 PM IST
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.
Apr 01, 2015, 17:51 PM IST
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.
Mar 31, 2015, 20:52 PM IST
