Deepak Fertilisers soars as its arm acquires 24.46% stake in Mangalore Chemicals

04 Jul 2013

Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 97.20, up by 3.20 points or 3.40 % from its previous closing of Rs. 94.00 on the BSE.

The scrip opened at Rs. 95.10 and has touched a high and low of Rs. 97.90 and Rs. 94.90 respectively. So far 4138 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 143.90 on 11-Jul-2012 and a 52 week low of Rs. 90.55 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 97.20 and Rs. 92.00 respectively. The current market cap of the company is Rs. 829.13 crore.

The promoters holding in the company stood at 43.32% while Institutions and Non-Institutions held 20.94% and 35.74% respectively.

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.

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Deepak Fert & Petro Share Price

162.20 -6.65 (-3.94%) Aug 04, 18:01
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