The 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 ...

The OFS opened with over 2.76 crore shares on offer and was subscribed overall 3.3 times.

The floor price is at a discount of over 7 per cent over the previous closing of Rs 80.

The floor price would be Rs 74.25 per equity share. The shares will be sold through a separate, designated window of the stock exchanges.

Shares 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 is planning to divest at least 5 per cent stake in state-run Rashtriya Chemicals and Fertilizers (RCF) in 2015-16, sources said.

The 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 ...

Microsec 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...

The 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...

The 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.

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.

The finance ministry has kick-started the process of 12.5% stake sale in RCF, which may fetch the government about Rs 350 crore.

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...

The minister, who declined to be named, did not specify the quantum of stake to be sold in the fertiliser maker.

Shares of Rashtriya Cehmicals & Fertilisers surged higher on Wednesday on reports that the Cabinet has approved stake sale in the company.

The company has proposed to set up a coal-based fertiliser plant at Talcher, Odisha, to be developed jointly by Coal India and RCF.

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...