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.
Dec 13, 2015, 18:06 PM ISTZuari 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.
Apr 12, 2015, 13:17 PM ISTGovt rejects Vijay Mallya's reappointment as Kingfisher MD; quits MCFL board too
In a double-whammy for flamboyant businessman Vijay Mallya, the government has annulled his re- appointment as Managing Director of Kingfisher Airlines while he also had to quit from board of another group company MCFL.
Dec 01, 2014, 20:43 PM ISTVijay Mallya resigns from board of UB group fertiliser firm MCFL
In a surprise move, Vijay Mallya has resigned as director from his group firm Mangalore Chemicals and Fertilizers, which is the target of a takeover battle between Deepak Fertilisers and Zuari Group.
Dec 01, 2014, 16:02 PM IST