Rashtriya Chemicals and Fertilizers (RCF) has received the Cabinet Committee on Economic Affairs’ (CCEA) approval for divestment of 12.5% equity of the Government’s holdings. At present, the Government holds 92.5% in the fertiliser company.
The offloading of 12.5% equity will help the company to meet the minimum public shareholding of 10%, as prescribed by SEBI and needs to be completed by August 2013.
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.