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Zuari Group News

13 Dec 2015

Zuari group lines up Rs 300 crore for MCFL to double capacity

After gaining a controlling stake in the UB Group-promoted MCFL, the Zuari group plans to invest Rs 300 crore to double production capacity of phosphatic fertiliser at the Mangaluru plant.

18 May 2015

Zuari Group pledges 8.23% stake in MCFL to HDFC

Zuari Group has pledged its 8.23 percent stake in Mangalore Chemicals and Fertilisers Ltd (MCFL) to HDFC for partly financing its acquisition of 36.56 percent stake in the company.

12 Apr 2015

Zuari group firming up plans to consolidate MCFL stake

Locked in a bitter takeover battle for fertiliser firm MCFL, Saroj Poddar-led Zuari group is firming up plans to acquire majority stake in the target company within two years.

Competition Commission

01 Apr 2015

Zuari to launch open offer in 12 days to acquire stake in MCFL

With Competition Commission's approval in place, Zuari Group is in discussions with investment bankers to launch its open offer in next 12 days to acquire additional 36.56 per cent stake in MCFL.

31 Mar 2015

CCI approves Zuari's open offer to acquire 36% stake in MCFL

In a boost to Zuari Group, the Competition Commission has approved its revised voluntary open offer to acquire additional 36.56 percent stake in MCFL, for which it is locked in a takeover battle with Deepak Fertilisers.

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