RCF soars on plan to raise Rs 1,000 crore through private placement

31 Aug 2016

Rashtriya Chemicals & Fertilizers (RCF) is currently trading at Rs 48.35, up by 1.25 points or 2.65% from its previous closing of Rs 47.10 on the BSE.

The scrip opened at Rs. 47.60 and has touched a high and low of Rs. 49.10 and Rs. 47.30 respectively. So far 230083 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.75 on 07-Jul-2016 and a 52 week low of Rs. 35.25 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 52.85 and Rs. 47.00 respectively. The current market cap of the company is Rs. 2659.14 crore.

The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 7.62% and 12.38% respectively.

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.

Related Rashtriya Chemicals & Fertilizers Ltd. Links:

RCF Share Price

72.40 1.35 (1.90%) Apr 23, 10:27
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