CHENNAI, June 27 -- Marumalarchi Dravida Munnetra Kazhagam (MDMK) a long-time ally of the Dravida Munnetra Kazhagam (DMK)-led Secular Progressive Alliance is likely to make a formal announcement of the party's stand on the alliance on Saturday, people aware of the matter said.

This comes after a host of issues were discussed in an executive committee meeting presided by party chief Vaiko on Friday, including on whether to stay or exit from the DMK-led alliance following the recent fissures that emerged between the DMK and MDMK, they said.

At the party's high-level committee meeting held at MDMK headquarters in Chennai, one of the party's two legislators Senthil Selvan (Sirkali) did not attend triggering speculation that he may tender re...