The
Cabinet Committee on Economic Affairs (CCEA) have approved the
disinvestment of Rashtriya Chemicals and Fertilisers (RCF) in its
meeting yesterday. 12.5% shares will be disinvested reducing the
present government holding from 92.5% to 80%. The government is planning
to sell 6.89 crore shares of Rs. 10.00 each.
RCF is profit making mini-ratna company with more than Rs. 82.88 crore revenue in the last quarter. After the win in the FDI voting in the Parliament, the government has once again started aggressive disinvestment process.
RCF is profit making mini-ratna company with more than Rs. 82.88 crore revenue in the last quarter. After the win in the FDI voting in the Parliament, the government has once again started aggressive disinvestment process.