The agreement says UB Group and Adventz will have the right of first refusal over each other's shares.
Through the UB Group, Mallya holds 21.98 per cent stake in MCF.
Ritu Mallya, step mother of Vijay Mallya, has joined the board of Mangalore Chemicals and Fertilisers.
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Lawyers say open offer must for twin stake purchase to meet Sebi rules.
Poddar-Mallya agreement on running MCF likely to be re-worked.
He manages to get back a majority of pledged shares.
The breadth, indicating strength of the market was strong
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
Few top honchos of India Inc did very well in 2014.
