Mangalore Chemicals & Fertilizers (MCF) is currently trading at Rs. 71.10, up by 1.00 points or 1.43% from its previous closing of Rs. 70.10 on the BSE.
The scrip opened at Rs. 70.75 and has touched a high and low of Rs. 71.10 and Rs. 70.75 respectively. So far 5960 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 78.30 on 13-Jun-2014 and a 52 week low of Rs. 48.25 on 05-Nov-2013.
Last one week high and low of the scrip stood at Rs. 73.00 and Rs. 68.50 respectively. The current market cap of the company is Rs. 842.64 crore.
The promoters holding in the company stood at 21.97% while Institutions and Non-Institutions held 4.30% and 73.73% respectively.
Zuari Fertilisers and Chemicals has received approval from Competition Commission of India (CCI) to acquire up to 26% stake in Mangalore Chemicals and Fertilisers (MCF). According to CCI, the proposed combination of Zuari Group firms and UB Group companies is not likely to have appreciable adverse effect on competition in India.
Earlier in July, SEBI had given a go-ahead to rivals Saroj Poddar’s Zuari and Sailesh Mehta-run Deepak Fertilisers & Petrochemicals Corporation to go for the acquisition bid. Zuari entities' Rs 211-crore offer for 26 percent stake in MCF is supported by the existing promoters and would be a competing open offer' to Deepak Fertilizers' offer.
Mangalore Chemicals and Fertilizers (MCF) is a part of The UB Group, a large and diversified business house. The group is one of the foremost multinational organizations based in the sub-continent with operations in many world markets. It has diverse interests – Brewing, Distilling, Aviation, Fertilizers, Life Sciences, Engineering, Research and Development and Information Technology.
| Company Name | CMP |
|---|---|
| Coromandel Interntl. | 2051.75 |
| National Fertilizers | 77.40 |
| RCF | 131.70 |
| Chambal Fert & Chem | 454.15 |
| Paradeep Phosphates | 124.40 |
| View more.. | |
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