The government is planning to sell 10 per cent stake in Rashtriya Chemicals and Fertilizers (RCF) and invited bids from merchant banker and legal firms for managing the share sale process. Interested merchant bankers and legal advisors will have to be submit their bids by January 28 and January 29, respectively.
The government holds 75 per cent stake in RCF and intends to disinvest 10 per cent of the paid up equity capital through an offer for sale (OFS).
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, Biofertilizers, Micronutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.
