IHS Chemical Week

People & Business :: Companies

Reports: Indian government to sell 12.5% stake in RCF

9:20 AM MST | March 6, 2013 | Francinia Protti-Alvarez

The Indian government has fixed 8 March 2013 as the date when it will divest a 12.5% stake in Rashtriya Chemicals & Fertilisers (RCF; Mumbai) through an offer for sale (OFS) mechanism. The government currently owns 92.5% of RCF, which will come down to 80% after the OFS. The OFS is expected to raise more than 3 billion rupees ($54.6 million) for the government, at the current share price of Rs44.55, reports from the Economic Times and Wall Street Journal say. The sale is part of the government's plan to raise a total of Rs300 billion via the sale of stakes in...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


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