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MCFL gets approval to merge MCF International with itself

21 Jul 2011

Mangalore Chemicals and Fertilizers (MCFL), the only manufacturer of chemical fertilizer in state of Karnataka has received an approval from High Court of Karnataka, Bangalore vide its order dated July 08, 2011 for the proposed scheme of amalgamation to merge MCF International, the wholly-owned subsidiary of the company with the company.

Earlier in January this year, MCFL began marketing crop protection pesticides of other companies and was planning to sell its own brand from the next financial year. Further, the company had also introduced crop protection pesticides in a small way through its distribution network in southern India.

MCFL is a part of the UB Group with Group shareholding of 30%. UB Group business interests are in area of brewing, distilling, aviation, fertilizers, life sciences, engineering, research and development and information technology.

Related Mangalore Chemicals & Fertilizers Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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