Government raises Rs 535 crore through share sale in National Fertilizers

28 Jul 2017

The government has raised around Rs 535 crore through disinvestment of its stake in National Fertilizers (NFL) through an offer of sale. This was the third such offer by a state run firm in this financial year. The government had offered up to 7,35,86,760 equity shares of the company of face value of Rs 10 each, representing 15% of the total paid up equity share capital which was oversubscribed 1.41 times.

National Fertilizers is second largest producer of Nitrogenous Fertilizers in the India commanding 16.5% of market share. The company also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.

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National Fertilizers Share Price

54.75 0.30 (0.55%) Apr 15, 18:01
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Company Name CMP
Coromandel Interntl. 734.15
National Fertilizers 54.75
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RCF 72.80
GSFC 87.60
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323