Mangalore Chemicals and Fertilizers’ (MCF) promoter company Kingfisher Finvest India has raised its stake in the company to 2.01% from 1.96%. Kingfisher Finvest India has purchased 14,600 shares on the BSE for Rs 8.96 lakh and another 47,000 shares for Rs 28.90 lakh on the NSE through the open market route.
In July this year, Deepak Fertilisers picked up over 24% in MCF, while Zuari Industries hiked its stake to about 16% stake in the company.
Mangalore Chemicals & Fertilizers (MCF) is the only manufacturer of chemical fertiliser in state of Karnataka. This Karnataka based company is Rs 1625 crore enterprise that manufactures products such as urea, di-ammonium phosphate, muriate of potash, granulated fertilizers, micronutrients, soil conditioners and specialty fertilizers.
