Zuari Fertilisers and Chemicals Ltd. cancelled its plan to sell its 16.43% stake in Mangalore Chemicals & Fertilizers Limited (BSE:530011). This follows the decision of United Breweries (Holdings) Limited's (BSE:507458) Chairman to drop its intended buyout of the shares of other stakeholders. Zuari Fertilisers is now back in race to buy Mangalore Chemicals.
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- Zuari Fertiliser Cancels Plan To Sell Stake in Mangalore Chemicals