RCF tumbles as government plans to divest 5% stake in it

29 Jun 2017

Rashtriya Chemicals & Fertilisers (RCF) is currently trading at Rs. 75.80, down by 4.10 points or 5.13% from its previous closing of Rs. 79.90 on the BSE.

The scrip opened at Rs. 76.50 and has touched a high and low of Rs. 76.85 and Rs. 75.60 respectively. So far 7,85,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.75 on 15-May-2017 and a 52 week low of Rs. 40.50 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 82.95 and Rs. 75.60 respectively. The current market cap of the company is Rs. 4,181.80 crore.

The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 7.45% and 12.55% respectively.

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.

Related Rashtriya Chemicals & Fertilizers Ltd. Links:

RCF Share Price

82.50 0.05 (0.06%) May 18, 18:01
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