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Govt raises Rs 310 crore through RCF stake sale

Last Updated: Friday, March 08, 2013, 16:05

The government on Friday raised Rs 310 crore from sale of 12.5 percent stake in Rashtriya Chemicals and Fertilisers Ltd (RCF) in an offer for sale that managed full subscription barely minutes before the markets closed.

RCF stake sale commences on bourses; scrip gains 6 %

Last Updated: Friday, March 08, 2013, 10:31

The floor or the minimum offer price for RCF's share sale has been set at Rs 45 apiece, which is a 2.6 percent premium to Thursday's close of Rs 43.85.

RCF sale price fixed at Rs 45 a share

Last Updated: Thursday, March 07, 2013, 18:33

The base price for selling government's 12.5 percent stake in Rashtriya Chemicals and Fertilizers Friday has been fixed at Rs 45 apiece which could garner a minimum of Rs 310 crore.

Govt invites bids from merchant bankers to manage RCF issue

Last Updated: Wednesday, January 02, 2013, 09:29

The government has initiated the process of appointing merchant bankers for managing the 12.5 percent stake sale in Rashtriya Chemicals and Fertilisers.

Govt approves 12.5% stake sale in RCF

Last Updated: Wednesday, December 26, 2012, 14:51

The government on Wednesday approved sale of its 12.5 percent stake in Rashtriya Chemicals and Fertilisers Ltd (RCF), which could fetch around Rs 360 crore to the exchequer.