Saroj Poddar

Adventz group not keen on Paytm stake

According to media reports, industrialists Sunil Munjal and Saroj Poddar were in talks for a secondary deal to buy a minority stake from IDFC Securities analyst Nikhil Vora who holds some 0.35 percent in One97 Communications, the parent of Paytm.

Sunil Munjal eyes stake buy in Paytm

Munjal â€” chairman Hero Group‘s insurance redistribution and IT services arm â€” and Poddar â€” chairperson of Adventz Group â€” are negotiating with the former IDFC Securities analyst Nikhil Vora to buy into 0.35 percent stake (1.6 lakh shares) he holds in Paytm.

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.

Mangalore Chem rallies 14% as Zuari makes new open offer

The voluntary open offer for 3.07 crore MCFL shares constitutes 25.90 percent of the company's fully diluted voting equity share capital. The offer is not conditional upon any minimum level of acceptance.

MCFL shareholder moves SEBI against Zuari open offer

"The continuation of Vijay Mallya, a wilful defaulter, as a promoter or director of MCF will prejudice our rights as a minority shareholder of MCF," Nagreeka Foils said in a letter to SEBI on September 11.

MCF up 6%, Deepak Fert gets CCI nod to buy more stake in co

Under the deal, Deepak Fertilizers' subsidiary SCM Soilfert would acquire up to 26 percent shareholding in MCF through an open offer in addition to 0.8 percent stake buy through open market. MCF is part of Vijay Mallya's UB Group.

Rival may bid for Zuari's MCF stake if UB fails to buy

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.