The government will sell over 2.75 crore equity shares in Rashtriya Chemicals & Fertilisers (RCF) on June 29-30 for about Rs 200 crore. The government currently holds 80% stake in RCF and will offload 5% through the Offer for Sale (OFS) route.
RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.
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