MoneyWorks4Me

Chambal Fertilisers’ promoter increases stake to 12.56%

19 Oct 2016 Evaluate

Chambal Fertilisers & Chemicals’ promoter -- The Hindustan Times -- has increased stake in the company through open market purchase. Hindustan Times has bought 100,000 shares representing 0.02% stake in the company on October 13, 2016. Post acquisition, Hindustan Times stake in Chambal Fertilisers increased to 12.557% from 12.533% earlier.

Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India. It has three divisions catering agri products, shipping & textiles.

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