You are here: Home » Companies » News
Murugappa Group to foray into vehicle manufacturing via Tube Investments
Business Standard

Lenders sell Mallya's entire stake in Mangalore Chemicals and Fertilisers

The shares were sold in the stock markets and the proceeds will be used to retire part of bank dues

Topics
Vijay Mallya | Banks

Dev Chatterjee  |  Mumbai 



Vijay Mallya
File Photo: Vijay Mallya

Indian lenders sold the entire 12 per cent stake held by in Mangalore Chemicals and Fertilisers as part of their efforts to recover their dues from the head of UB Group. The shares were sold in the stock markets and the proceeds will be used to retire part of bank dues.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, February 11 2021. 16:28 IST

RECOMMENDED FOR YOU

.