Mangalore Chemicals spurts again
By
Research Desk
about 10 years ago
Mangalore Chemicals and Fertilizers (MCF) has shown an almost 11 times jump in volumes and the stock hit an intra day high at Rs.97.15. Its 52-week high is at Rs.104.65.
The stock is back in the news as the takeover battle intensifies further. Zuari Agro led by Saroj Poddar announced a further 10% hike from its earlier offer size. It now plans to spend Rs.398 crore to buy upto 36.56% stake while earlier it planned to buy 3.07 crore shares, representing 25.9% stake.
The largest shareholding shows that the UB group holds 21.97% stake, Zuari has 16.47% stake and Deepak Fertilizer has 31.25% stake.