Mcfl

Mangalore Chem up 17% after shareholders reject Zuari Agro deal

Mangalore Chemicals and Fertilisers (MCFL) shares jumped nearly 17 percent intraday Wednesday after shareholders rejected transaction with Zuari Agro Chemicals (ZACL).

MCFL asked to hold public hearing for Rs1,547cr expansion proj

Fertiliser firm MCFL has beenasked to conduct public hearing for its proposed Rs 1,547 crore expansion project in Mangalore as it gets central nod for preparing environmental impact study for the same.

MCFL appoints Arun Duggal as new Chairman

The board also approved the resignation of current Managing Director Deepak Anand effective December 31. Anand will be replaced by Krishnan, who is also currently the MD of Zuari Global.

UB Group to hike stake in MCFL; to buy shares from Zuari

Amid the takeover battle, Saroj Poddar-led Zuari Group increased its stake in MCFL to little over 53 per cent while UB Group holds nearly 22 percent.

Deepak Fert sells more shares in MCFL; stake down to 6.43%

The company, in December last year, had a 31.25 percent stake. It's shareholding in MCFL has now reduced to 6.43 percent.

Deepak Fertilizers sells 18.45% stake in MCFL for Rs 192 cr

With the sale of shares, Deepak Fertilisers has reduced its stake from 29.05 per cent as on December 2014 to 10.60 percent.

Deepak Fertilisers sells 5.2% stake in MCFL

Pune-based Deepak Fertilisers has been competing with industrialist Saroj Poddar-led Zuari group for taking control of the MCFL since July 2013. Deepak Fertilisers had offloaded 12.1 percent stake in MCFL on Monday.

Accumulate Monte Carlo; target of Rs 717: Mehta Equities

Mehta Equities is bullish on Monte Carlo Fashions (MCFL) and has recommended accumulate rating on the stock with a target price of Rs 717 in its April 2015 research report.

Zuari to launch open offer on Apr 20 to raise stake in MCFL

The open offer is being launched after an approval from fair trade watchdog Competition Commission for acquiring up to 36.56 percent stake in Mangalore Chemicals and Fertilisers Ltd (MCFL) for Rs 398.2 crore.

Zuari's open offer in 12 days to acquire stake in MCFL

On Tuesday, fair trade watchdog Competition Commission of India (CCI) had approved Zuari's open offer to acquire up to 36.56 percent stake in Mangalore Chemicals and Fertilizers Ltd (MCFL) for Rs 398.2 crore.

Monte Carlo IPO: Subscribe for modest gains, advises Emkay

Considering the growth opportunity, brand positioning and controlled working capital, we believe there is still marginal room for re-rating gains from the issuance price. We assign Subscribe rating to this IPO for modest listing gains of 15-20%, says Emkay.

Monte Carlo IPO may attract investor interest: Way2Wealth

Factors such as strong brand value & distribution network, its diversification in non woolen segments and healthy balance sheet along with the recent good performance of share price of other textile companies in the secondary market, we think Monte Carlo may attract investor interest. Hence we recommend subscribe to this issue, says Way2Wealth.