RCF to raise Rs 1,000 crore through private placement

30 Aug 2016

Rashtriya Chemicals and Fertilizers (RCF) has received an approval for issue of Secured Non Convertible Debentures (NCDs) amounting Rs 1,000 crore on private placement subject to the approval by the members at the general meeting. The board of directors at its meeting held on August 29, 2016 has received an approval for the same.

RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Govt. of India. RCF manufactures Urea and Complex fertilizers (NPK) along with a wide range of Industrial Chemicals. Govt. of India has accorded 'Mini Ratna' Status to RCF.

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RCF Share Price

53.40 -1.45 (-2.64%) Jan 25, 18:59
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