Vijay Mallya gets to keep control of Mangalore Chemicals2 min read . Updated: 21 Oct 2014, 12:14 AM IST
Deepak Fertilisers received around 6 million shares of Mangalore Chemicals compared with its total bid for 30.8 millon shares
Kolkata/Mumbai: The two competing tender offers for the shares of Mangalore Chemicals and Fertilizers Ltd concluded on Monday with Deepak Fertilisers and Petrochemicals Ltd receiving around six million shares compared with its total bid for 30.8 millon shares. This means the incumbent management led by UB Group chairman Vijay Mallya gets to keep the farm input maker under his control, for now.
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