Deepak Fertilisers & Petrochemicals’ promoters have enhanced their controlling stake from 45.46% to 50.06%, through open market acquisition, in January-March quarter.
The share acquisition spree began in February this year with Chairman and Managing Director Sailesh Chimanlal Mehta enhancing his holdings from 21.86% to 24.13%.
Since then, Parul Sailesh Mehta - Sailesh’s wife and a director on board of Deepak Fertilisers – enhanced her stake from 1.13% to 3.46%. The last such purchase was made on March 30.
Deepak Fertilisers and Petrochemicals Corporation is one of the leading manufacturers of industrials chemicals and fertilizers in India. The company operates in three business segments – Chemicals, Fertilizers and Realty.
