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Deepak Fertilisers’ arm acquires 24.46% stake in Mangalore Chemicals

04 Jul 2013

Deepak Fertilisers & Petrochemicals Corporation’s wholly owned subsidiary SCM Soilfert has acquired 2,89,91,150 equity shares of face value of Rs 10 each representing 24.46% of share capital of Mangalore Chemicals & Fertilisers. The company has acquired the said stake from Delhi-based Burman family and Sundaram BNP and DSP Blackrock mutual funds.

Mallya’s UB Group holds 21% in Mangalore Chemicals, which has been considered a non-core asset for his beer-to-airline enterprise, while Zuari Fertiliser holds a little over 10% in Mangalore Chemicals.

Deepak Fertilisers & Petrochemicals is one of the leading manufacturers of industrial chemicals and fertilisers in India. The company operates in three business segments - chemicals, fertilisers and real estate.

Related Deepak Fertilisers And Petrochemicals Corporation Ltd. Links:

Deepak Fert & Petro Share Price

371.50 14.95 (4.19%) Nov 30, 18:01
1 Year Price Chart
Peers
Company Name CMP
Coromandel Interntl. 740.40
Chambal Fert & Chem 364.10
National Fertilizers 48.95
RCF 69.80
GSFC 111.25
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