Synopsis:

Promoter Zuari Maroc Phosphates acquired 97.5 lakh shares of Paradeep Phosphates through a bulk deal worth ₹177.3 crore, increasing stake by 1.2% and signaling confidence.

The company, a leading player in the fertilizer industry, is known for producing and marketing vital phosphatic fertilizers across India. In this article, we look at a key development where its promoter has increased stake through a bulk deal, signaling confidence and strengthening the company’s future outlook.

Paradeep Phosphates Limited’s stock, with a market capitalisation of Rs. 15,819 crores, rose to Rs. 197.85, hitting a high of up to 0.55 percent from its previous closing price of Rs. 192.73. Furthermore, the stock over the past year has given a positive return of 125 percent.

Bulk Deal

Zuari Maro

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