In an interview to CNBC-TV18, Deepak Anand, managing director, Mangalore Chemicals and Fertilisers, shares his views on the CCEA‘s contemplation of using naptha as feedstock.
Through this open offer, Zuari has raised its stake in Mangalore Chemicals to 53.03 percent.
United Spirits was under pressure after minority shareholders rejected 9 proposals, which are related party transactions resolutions at its Extraordinary General Meeting. However, sources tell CNBC-TV18 that the company is hopeful of re-approaching shareholders on the matter.
Speaking to CNBC-TV18, Poddar, who holds over 16 percent in MCF, said that he consulted Mallya before buying the stake. Mallya, had then agreed with Poddar that he would enter into a joint venture with Zuari.
A possible end to the two-year-long Kigfisher saga is visible after the SBI-led consortium of lenders decided to recall loan given to the troubled airlines. Most analysts were expecting the banks to take this drastic step and say the focus now will be on liquidation of assets.
In an interview with CNBC-TV18, Kapil Mehan, managing director, Coromandel International is optimistic about the government‘s approval which will have retrospective effect from January 1, 2011.