Deepak Fertilizers & Petrochemicals Ltd on January 20 closed its offer to buy back equity shares.
Deepak Fertilizers & Petrochemicals Corporation Ltd has informed BSE that the Board of Directors of the company at its meeting held on January 28
The low-profile chief of Deepak Fertilisers on Wednesday bought 24.46% shareholding in MCF.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
Poddar had earlier said he would sell his stake in Mangalore Chemicals to the highest bidder.
Deepak Fertiliser's promoter might offer to buy Saroj Poddar's stake.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
The Sensex closed the day at 28,141, up 486 points, while Nifty50 settled at 8,716, up 155 points.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
