Acquisitions14 Oct 2025, 10:37 am
Zuari Maroc Phosphates Acquires 24.50% Stake in Mangalore Chemicals & Fertilizers
AI Summary
Zuari Maroc Phosphates Private Limited has acquired 2,90,37,000 equity shares of Mangalore Chemicals & Fertilizers Limited, which amounts to 24.50% of the company's total voting rights. This acquisition is part of a composite scheme of arrangement by and amongst Mangalore Chemicals & Fertilizers Limited, Paradeep Phosphates Limited and their respective shareholders and creditors.
Key Highlights
- Zuari Maroc Phosphates Private Limited has acquired 24.50% stake in Mangalore Chemicals & Fertilizers Limited
- The acquisition was made on October 13, 2025
- The acquisition is part of a composite scheme of arrangement by and amongst Mangalore Chemicals & Fertilizers Limited, Paradeep Phosphates Limited and their respective shareholders and creditors
- Before the acquisition, Zuari Maroc Phosphates Private Limited held no shares in Mangalore Chemicals & Fertilizers Limited
- The total equity share capital of Mangalore Chemicals & Fertilizers Limited is INR 1,18,51,51,500 divided into 11,85,15,150 equity shares of INR 10/- each
Price Impact
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