Zuari Fertilizers, which is keen to sell its 16.4 percent stake in UB group firm Mangalore Chemicals and Fertilizers, has been waiting to hear from Vijay Mallya. Sources say rival Deepak Fertilizer, which also holds a significant stake in MCF, may bid for Zuari's stake.
Zuari Fertilizers promoter Saroj Poddar today said he will sell his 16 per cent stake in the Mangalore Chemicals and Fertilizers Ltd (MCFL) if a joint venture with the firm's promoter UB Group does not materialise.
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