Mercantile Ventures has acquired 92,11,256 (7.56%) equity shares in Tuticorin Alkali Chemicals & Fertilizers at prevailing market price in tranches. Tuticorin Alkali Chemicals and Fertilizers produces all grades of Soda Ash and co-produces Ammonium Chloride Fertilizer.
Mercantile Ventures is engaged in the business of acquiring immovable properties for letting them out on lease or mounting them for resale.