IHS Chemical Week

Reports: Indian government sale of RCF stake oversubscribed

12:36 PM MST | March 8, 2013

The auction of a 12.5% of worth of shares in Rashtriya Chemicals and Fertilisers (RCF; Mumbai) by the Indian government closed today, raising some 3.1 billion Indian rupees ($56.76 million), according to a report from the Wall Street Journal. The auction of 68.98 million shares was oversubscribed the reported added, receiving bids for 88.97 million shares. The average bid price came around at Rs45.02, slightly above the minimum RS45/share set by the government. Following the auction, which was announced earlier this week, the government’s take in RCF stands at...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 


Forgot your user ID or password? Click here to have it sent to you.

contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa