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RCF STAKE SALE
RCF shares jump 7% as Q4 profit soars 158% YoY to Rs 187 croreRashtriya Chemicals & Fertilizers shares rose sharply on Friday after the company's Q4FY26 results showed a 158% YoY surge in net profit to...
Reliance Capital lenders agree on asset sales in 8 clustersThe eight clusters include asset reconstruction business, securities and broking business, life insurance business, non-life insurance busi...
RCF, NFL share sale by December, will get Centre Rs 1,200 croreThe official further said that considering the steps taken by the government for the fertiliser sector, the valuation of the shares could i...
RCF, NFL share sale by Dec, govt to get Rs 1,200 crThe government has set an ambitious target of raising Rs 1.75 lakh crore from divestment in 2021-22, higher than Rs 38,000 crore it raised ...
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 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.
Government to divest 5% in RCF on Jun 29-30; to raise Rs 200 croreThe floor price would be Rs 74.25 per equity share. The shares will be sold through a separate, designated window of the stock exchanges.
Government invites merchant bankers for stake sale in OIL, NFL, RCFShares of NFL were trading at Rs 31.50, down 1.56 per cent on the BSE. RCF shares were quoting 2.68 per cent low at Rs 47.20.
Government planning to sell 5 per cent stake in RCF next fiscalGovernment is planning to divest at least 5 per cent stake in state-run Rashtriya Chemicals and Fertilizers (RCF) in 2015-16, sources said.
Government to receive 310 crore from RCF stake saleThe finance ministry has said the issue of Rashtriya Chemicals & Fertilizers Ltd (RCF) has been subscribed over 1.3 times and the governmen...
Government raises Rs 310 crore from RCF stake saleThe govt had fixed the floor price for the 12.5% share auction of RCF at Rs 45 a piece, which is at a 2.6% premium to yesterday's close of ...
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...
Rashtriya Chemicals share sale commences at Rs 45/share; stock ralliesThe government is divesting 12.50% stake in RCF, which is likely to fetch the exchequer approximately Rs 300 crore at a floor price of Rs 4...
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.
Finance ministry kickstarts RCF stake sale processThe finance ministry has kick-started the process of 12.5% stake sale in RCF, which may fetch the government about Rs 350 crore.
- 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...
Government approves 12.5 per cent stake sale in RCFThe minister, who declined to be named, did not specify the quantum of stake to be sold in the fertiliser maker.
- RCF gains on Cabinet nod for 12.5% stake sale
Shares of Rashtriya Cehmicals & Fertilisers surged higher on Wednesday on reports that the Cabinet has approved stake sale in the company.
- Rashtriya Chemicals and Fertilisers plans Rs 6,300 crore capex domestically; eyes mines in Canada
RCF has lined up a capex of Rs 6,300 cr to be spent over the next 5 yrs to fuel its expansion & is also considering to invest in Canadian p...