{"id":11998,"date":"2024-07-30T22:56:20","date_gmt":"2024-07-30T17:26:20","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=11998"},"modified":"2024-07-30T22:56:20","modified_gmt":"2024-07-30T17:26:20","slug":"cci-approves-mangalore-chemicals-fertilizers-amalgamation-and-zuari-maroc-acquisition","status":"publish","type":"post","link":"https:\/\/new.matribhumisamachar.com\/en\/2024\/07\/30\/cci-approves-mangalore-chemicals-fertilizers-amalgamation-and-zuari-maroc-acquisition\/","title":{"rendered":"CCI Approves Mangalore Chemicals &#038; Fertilizers-Amalgamation and Zuari Maroc Acquisition"},"content":{"rendered":"<p style=\"text-align: justify;\">The Competition Commission of India (CCI) has approved the proposed amalgamation of Mangalore Chemicals &amp; Fertilizers with Paradeep Phosphates Limited and proposed acquisition of equity shares of Mangalore Chemicals &amp; Fertilizers Limited by Zuari Maroc Phosphates Private Limited.<\/p>\n<p style=\"text-align: justify;\">Paradeep Phosphates Limited (<strong>PPL<\/strong>) is a company under the Adventz group of companies (<strong><em>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 (<strong>ZACL<\/strong>), a company belonging to the Adventz group and OCP S.A. (<strong><em>OCP<\/em><\/strong>). PPL is primarily engaged in the production and marketing of complex phosphatic fertilizers.<\/p>\n<p style=\"text-align: justify;\">Mangalore Chemicals &amp; Fertilizers Limited (<strong>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<p style=\"text-align: justify;\">Zuari Maroc Phosphates Private Limited (<strong>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<p style=\"text-align: justify;\">The Proposed Combination comprises of: (i) the proposed amalgamation of MCFL with and into PPL, on a going concern basis (<strong>Proposed Merger<\/strong>); and (ii) the proposed acquisition of 3,92,06,000 equity shares of MCFL by ZMPPL from ZACL (<strong>Proposed Acquisition<\/strong>) (the Proposed Merger and Proposed Acquisition are collectively referred to as the\u00a0<strong>Proposed Combination<\/strong>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) has approved the proposed amalgamation of Mangalore Chemicals &amp; Fertilizers with Paradeep Phosphates Limited and proposed acquisition of equity shares of Mangalore Chemicals &amp; 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 [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":106422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52905],"tags":[],"class_list":["post-11998","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/11998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=11998"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/11998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/106422"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=11998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=11998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=11998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}