The Reserve Bank of India (RBI) has put restrictions on further buying by overseas investors in the Gujarat State Fertilizers and Chemicals’ (GSFC) shares. As foreign shareholding in the company has reached trigger limit. RBI regularly prevents FIIs from buying shares in companies if they approach the limit stipulated by regulations.
GSFC is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.