Deepak Fertiliser Sells 1.21% Stake in MCFL to Zuari Group

Continuing to reduce its stake in Vijay Mallya promoted MCFL, Deepak Fertiliser has offloaded its 1.21 per cent stake in the company to Zuari Group for Rs 58.02 crore. With the sale of these shares, the Pune-based company has reduced its stake in Mangalore Chemicals and Fertilisers Ltd (MCFL) to 5.22 per cent from 31.25 per cent in December last year. In a filing to the BSE, MCFL said Deepak Fertilisers' arm SCM Solifert has tender...