MRPL acquires 26.96% stake in Mangalore SEZ

The Board of Mangalore Refinery And Petrochemicals at its meeting held on 20 January 2025 has approved acquisition of 1,34,80,000 equity shares of Mangalore SEZ (MSEZ) from IL&FS at a revised consideration of Rs 65.66 crore. After this acquisition, equity stake of the Company shall increase from 0.96% to 27.92% in MSEZ.

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