The battle for the takeover of MCFL has been going on for one year.
An open offer for acquisition of additional stake in a listed company can move forward only after issuance of 'observations' by Sebi.
A forensic audit has found possible 'irregularities and mismanagement' in advances and investments made by Mangalore Chemicals and Fertilizers to his other group companies.
UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come. In the wake of one of the country's most expensive deals in recent times, cement majors may slug it out to add smaller firms from the region to their portfolio. UltraTech's buy is the latest in the four deals the southern market has seen in less than a year, with Adani Cement being the other buyer.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
If they encash shares, Dutch major Heineken will emerge as single largest shareholder in the company.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
Deepak Fertilizers plans to revise open offer price to beat Mallya-Poddar efforts
Through the UB Group, Mallya holds 21.98 per cent stake in MCF.
Mallya intends to protect his shareholding in India's largest brewer in which Dutch brewer Heineken holds 37.5% stake.
Creditors are fighting to get back Rs 600 crore, KFA employees not paid for months.
Poddar-Mallya agreement on running MCF likely to be re-worked.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
The enforcement agency is looking to ensure that no big deals or transactions, such as the one Mallya struck with Diageo for Rs 500 crore, take place.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'If your paper writes something you don't agree with, will you criticise it?' Nitin Gadkari asks Aditi Phadnis when quizzed about demonetisation.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
Indian billionaires do not believe in sitting on their wealth.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
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