The Competition Commission of India (CCI) has approved the proposed amalgamation of Mangalore Chemicals & Fertilizers with Paradeep Phosphates Limited and proposed acquisition of equity shares of Mangalore Chemicals & Fertilizers Limited by Zuari Maroc Phosphates Private Limited.<\/p>\n
Paradeep Phosphates Limited (PPL<\/strong>) is a company under the Adventz group of companies (Adventz group<\/em><\/strong>). The majority shareholding in PPL is held by ZMPPL. ZMPPL is a 50:50 joint venture between Zuari Agro Chemicals Ltd (ZACL<\/strong>), a company belonging to the Adventz group and OCP S.A. (OCP<\/em><\/strong>). PPL is primarily engaged in the production and marketing of complex phosphatic fertilizers.<\/p>\n Mangalore Chemicals & Fertilizers Limited (MCFL<\/strong>) is a company under the Adventz group. The majority shareholding (i.e. 54.03%) in MCFL is held by ZACL. MCFL is primarily engaged in the production and marketing of complex phosphatic fertilizers.<\/p>\n Zuari Maroc Phosphates Private Limited (ZMPPL<\/strong>) is a 50:50 joint venture between ZACL and OCP. ZMPPL currently holds 56.08% equity stake in PPL. ZMPPL carries out trading of fertilizers.<\/p>\n The Proposed Combination comprises of: (i) the proposed amalgamation of MCFL with and into PPL, on a going concern basis (Proposed Merger<\/strong>); and (ii) the proposed acquisition of 3,92,06,000 equity shares of MCFL by ZMPPL from ZACL (Proposed Acquisition<\/strong>) (the Proposed Merger and Proposed Acquisition are collectively referred to as the\u00a0Proposed Combination<\/strong>).<\/p>\n","protected":false},"excerpt":{"rendered":" The Competition Commission of India (CCI) has approved the proposed amalgamation of Mangalore Chemicals & Fertilizers with Paradeep Phosphates Limited and proposed acquisition of equity shares of Mangalore Chemicals & Fertilizers Limited by Zuari Maroc Phosphates Private Limited. Paradeep Phosphates Limited (PPL) is a company under the Adventz group of companies (Adventz group). The majority …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[4288,9280,9277,9278,9279],"class_list":["post-11998","post","type-post","status-publish","format-standard","","category-national","tag-cci-approval","tag-equity-shares-mangalore-chemicals","tag-mangalore-chemicals-fertilizers-amalgamation","tag-paradeep-phosphates-limited","tag-zuari-maroc-phosphates-acquisition"],"yoast_head":"\n