The government is planning to divest 12.5% stake in Rashtriya Chemicals & Fertilizers (RCF) to comply with the minimum public shareholding norms as per SEBI. In this regard, cabinet committee on economic affairs (CCEA) is likely to meet on December 22, 2012 to take a decision on the same.
At present, the government holds 92.50% stake in the company and would opt for offer sale route to raise funds.
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.