RCF advances 3% as govt looks to sell 10% stakeThe government holds 75 per cent stake in RCF and intends to disinvest 10 per cent of the paid up equity capital through an offer for sale ...
Govt plans 10% share sale in Rashtriya ChemicalInterested merchant bankers and legal advisors will have to be submit their bids by January 28 and January 29, respectively, the Department...
RCF offer for sale gets healthy response from retail investorsThe OFS opened with over 2.76 crore shares on offer and was subscribed overall 3.3 times.
RCF's OFS receives good response from institutional investors; subscribed over 2 timesThe government is selling 5% or over 2.75 crore shares, at a floor price of Rs 74.25.
RCF share sale gets oversubscribed by institutional buyersThe floor price is at a discount of over 7 per cent over the previous closing of Rs 80.
RCF, BPCL to invest Rs 200 crore for sewage treatment plantRashtriya Chemicals and Fertilizers today said it has tied up with BPCL for setting up a Sewage Treatment Plant at Trombay, entailing an in...
No question of increasing fertiliser prices at this time: RG Rajan, RCFThere is no question of increasing the fertiliser prices at this point of time as they are already quite high, says RG Rajan, chairman, RCF.
RCF OFS gets fully subscribedThe issue size of 6,89 crore shares received 8.89 crore bids at an indicative price of Rs 45.02 per share.
RCF a good value pick for midcap fund mangers: Dipen Sheth, HDFC SecuritiesIn an interview with ET Now, Dipen Sheth, Head-Institutional Research, HDFC Securities, gives his views on the RCF OFS and the opportunitie...
RCF OFS issue gets subscribed 0.3 timesThe offer for sale of RCF has received lukewarm response from investors so far. As on 1:00 pm, only 2.06 cr shares, or 30% of the issue, we...
RCF OFS is available at a throw away price: Manish Sonthalia, Moitlal OswalThough there is no clarity on fertilizer issues, sooner or later these stocks will see appreciation in prices, says Manish Sonthalia.
Strong visibility of earnings makes RCF OFS attractive: MicrosecMicrosec Capital said, in a report, RCF is currently trading at a PE multiple of 8.74x (TTM) whereas the average 2-year PE multiple is 14.4...
How should retail investors play the offer for sale of Rashtriya Chemicals and Fertilisers?The scrip has been in a consistent downtrend over last couple of years and has lost over 18% since the market's bottom in June 2012.
RCF off intraday high ahead of OFSThe government is likely to raise between Rs 250-300 crore by divesting 12.5 per cent stake or 6.89 crore shares through the OFS route.
- EGoM to meet tomorrow on RCF stake sale
The EGoM is likely to meet tomorrow to decide on 12.5 per cent stake sale in RCF, which could fetch around Rs 300 crore to the exchequer.
- Govt invites bids from merchant bankers to manage Rashtriya Chemicals and Fertilisers issue
The bidders must have prior experience in managing OFS. Govt holds 92.5 pc stake in RCF and the paid up capital of the company is Rs 551.69...
- RCF and STC rally not confidence inspiring: Deepak Mohoni
Deepak Mohoni, director, trendwatchindia.com, in a chat with ET Now talks about RCF and STC.