India’s ‘King of Good Times’ faces takeover talk | beyondbrics

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Shares in Mangalore Chemicals and Fertilisers (Mangalore Chemicals) hit a record high on Thursday, soaring 10 per cent to Rs68. That follows another 10 per cent rise in the previous session, as recent share purchases suggest the company may be on the verge of a takeover.

The empire of Vijay Mallya, the self-proclaimed King of Good Times, is crumbling one company at a time.

After losing control of United Spirits to UK-based Diageo last week, it looks like Mallya may be on the verge of losing Mangalore Chemicals too."

'via Blog this'