Vijay Mallya quits MCF board | Daily Current Affairs 2022
onwin giriş
betvakti elexusbet gorabet maksibet maltcasino milosbet quennbet setrabet atlantisbahis artoscasino dumanbet elitbahis fashionbet favoribahis hiltonbet liderbahis oslobet romabet vegabet yorkbet kalebet bet10bet bahislion bahislion bahislion betpark dakikbet dumanbet fenomenbet holiganbet kalebet kolaybet lordbahis olabahis piabet pusulabet süper10bet supertotobet mariobet bahis siteleri güvenilir bahis siteleri kaçak bahis siteleri ligobet polobet verabet
bahis bahis atlasbet baysansli bet10bet betkolik betsidney fashionbet gorabet holiganbet odeonbet romabet betasus betdoksan betgarden btcbahis casinoper casinovale coinbar eurocasino kazansana lesabahis mottobet trcasino trendbet nerobet bahistek
betgaranti giriş betpark giriş mariobet giriş supertotobet giriş tipobet giriş betist giriş kolaybet giriş betmatik giriş onwin giriş

Vijay Mallya quits MCF board

Posted by
Subscribe for News Feed

Vijay Mallya quits MCF boardIn a sudden move, United Breweries (UB) group chairman Vijay Mallya resigned from the board of Mangalore Chemicals and Fertilizers Ltd (MCF).

In a regulatory filing to the Bombay Stock Exchange (BSE), the company said Mallya had resigned as director with immediate effect, without assigning any reason.

The company’s scrip with Rs.10 face value, which opened on the BSE at Rs.84, touched a high of Rs.97 during the intra-day trading after news about Mallya’s resignation became public and closed at Rs.89.25, registering an increase of Rs.7.65 from previous (Friday) closing of Rs.81.60 per share.

Mallya has quit after failing to retain control of the company, while open offers for MCF’s shares by Pune-based Deepak Fertilizers and Kolkata-based Adventz group concluded unsuccessfully Oct 20.

Zuari-UB group of Mallya, however, succeeded in acquiring 48,000 shares for a combined equity stake of 38.4 percent in the company.

Meanwhile, Deepak Fertilisers also increased its holding in MCF to 31.25 percent from 25.31 percent through its subsidiary SCM Soilfert Ltd.

As per an agreement between UB group and Adventz, Mallya was to remain chairman of MCF for the next five years irrespective of his stake in the company.

Subscribe for News Feed