Zuari Fertilisers and Chemicals Ltd. is planning to sell its 16.34% stake in Mangalore Chemicals & Fertilizers Limited (BSE:530011) by February 2014, reported Business Line citing sources. Sources close to the Zuari camp told Business Line that the company was geared to make an exit from Mangalore Chemicals at a handsome profit. "Something will have to happen in the next one month or so," a source said.
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- Zuari Fertilisers To Reportedly Sell Stake In Mangalore Chemicals