Mangalore Chemicals surges on takeover speculation

Beleaguered billionaire Vijay Mallaya who also owns Kingfisher Airlines and recently sold a majority stake in United Spirits to Diageo Plc., is staring at the prospect of a substantial dilution of control in Mangalore Chemicals & Fertilisers (MCF) MCF shares have surged a whopping 72 % since June 1st, compared with a 2.8 per cent fall in the Nifty during the same period on speculation
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