The low-profile chief of Deepak Fertilisers on Wednesday bought 24.46% shareholding in MCF.
The country's first specialty mall for interiors and exteriors will come up at Pune in the second quarter of 2006-07.\n\n
Pune-based Deepak Fertilisers and Petrochemicals Corporation said on Monday it would be investing Rs 400 crore (Rs 4 billion) to set up a greenfield ammonium nitrate plant in Paradip in Orissa.
Poddar had earlier said he would sell his stake in Mangalore Chemicals to the highest bidder.
Mangoes from India are popular in the Middle East, the Far East, the United States and European countries.
The Sensex closed the day at 28,141, up 486 points, while Nifty50 settled at 8,716, up 155 points.
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.
Ten months after new Sebi norms set in, some senior directors still hold more board seats than allowed.
After being forced to resign as chairman of MCF, Mallya is now keen on increasing his stake in the company
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