Zuari Agro Chemicals' - wholly owned subsidiary - Zuari Fertilisers and Chemicals (ZFCL), has acquired additional 36.56% (totaling 53.03%) equity shares of Mangalore Chemicals and Fertilizers (MCFL) and therefore MCFL has become a subsidiary of ZFCL. Consequently, MCFL has also become subsidiary of Zuari Agro Chemicals.
Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.