Rashtriya Chemicals & Fertilizers (RCF) is currently trading at Rs 60.20, up by 1.75 points or 2.99% from its previous closing of Rs 58.45 on the BSE.
The scrip opened at Rs 59.25 and has touched a high and low of Rs 60.40 and Rs 59.20 respectively. So far 233611 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 77.80 on 13-Oct-2011 and a 52 week low of Rs 42.15 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs 61.00 and Rs 53.90 respectively. The current market cap of the company is Rs 3318.40 crore.
The promoters holding in the company stood at 92.50% while Institutions and Non-Institutions held 1.75% and 5.75% respectively.
Finance ministry has proposed to divest 12.5% stake in Rashtriya Chemicals and Fertilizers (RCF) via the offer for sale route, as mentioned in a media report. The government, which is looking to raise Rs 368 crore, currently holds 92.5% stake and will retain 80% of stake in the company post the stake sale.
Meanwhile, 68.96 million RCF shares are likely to be put up for sale, which will be spread out in tranches over time. However, EGoM will have final say on the floor pricing issue, besides deciding upon number of tranches the in which the stake sale will take place. Further, options other than offer for sale route would be open if market conditions warrant.
RCF is one of the leading producers of fertilizers in India. Sujala, Suphala 15:15:15, Suphala 20:20:0, Ujjwala, Microla and Biola are its major fertilizer brands.