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Mangalore Chemicals & Fertilizers Ltd. ( (IN:MANGCHEFER) ) just unveiled an announcement.
Mangalore Chemicals & Fertilizers Limited has received an observation letter from BSE Limited regarding its proposed composite scheme of arrangement with Paradeep Phosphates Limited. The letter indicates no adverse observations, allowing the company to proceed with filing the scheme with the National Company Law Tribunal. This development is a significant step forward in the company’s strategic restructuring efforts, potentially impacting its market positioning and stakeholder interests.
More about Mangalore Chemicals & Fertilizers Ltd.
Mangalore Chemicals & Fertilizers Limited operates in the chemical industry, focusing primarily on the production and distribution of fertilizers. The company is involved in a composite scheme of arrangement with Paradeep Phosphates Limited, indicating a strategic move within the fertilizer sector.
YTD Price Performance: -9.16%
Average Trading Volume: 29,200
Current Market Cap: 17.27B INR
Learn more about MANGCHEFER stock on TipRanks’ Stock Analysis page.