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Government invites bids to appoint merchant bankers for divestment in NFL, RCFL


Government invites bids to appoint merchant bankers for divestment in NFL, RCFL
April 13, 2021
The central government holds 74.71% of shares in NFL
The government has invited bids to appoint merchant bankers and selling brokers to divest part of its stake in two fertilizer companies – National Fertiliser Limited (NFL) and Rashtriye Chemical and Fertiliser Limited (RCFL).
According to the proposal floated by the Department of Investment and Public Asset Management (DIPAM), the government proposes to sell 20 per cent of its stake in NFL and 10 per cent in RCFL. The share price of NFL was up by 1.78 per cent during mid trading on BSE while a share of RCFL was trading with 3.27 per cent gain over the previous day closing. ....

Madhya Pradesh , Nangal Bathinda , National Fertiliser Limited , Fertiliser Limited , Department Of Investment , Rashtriye Chemical , Public Asset Management , Neem Coated Urea , Bentonite Sulphur , Nitric Acid , Ammonium Nitrate , Sodium Nitrite , Non Urea Fertilizers , Certified Seeds , City Compost , Pan India , Complex Fertilizers , Industrial Chemicals , மத்யா பிரதேஷ் , தேசிய உரம் வரையறுக்கப்பட்டவை , உரம் வரையறுக்கப்பட்டவை , துறை ஆஃப் முதலீடு , பொது சொத்து மேலாண்மை , வேப்பம் பூசப்பட்ட யூரியா , பெண்ட்டோனைட் கந்தகம் , அல்லாத யூரியா உரங்கள் ,

Govt Plans To Sell 20 Per Cent Stake In National Fertilizers Limited Through Offer For Sale


Govt Plans To Sell 20 Per Cent Stake In National Fertilizers Limited Through Offer For Sale
National Fertilizers Ltd logo (Pic Via Wikipedia)
Centre plans to sell 20 per cent stake in National Fertilizers Ltd (NFL) through offer for sale .
The Department of Investment and Public Asset Management (DIPAM) has invited tenders from law firms with experience and expertise in public offerings and OFS in capital markets to act as legal advisers and assist the government in the process. It has also sought tenders from merchant bankers for the sale process.
The GoI intends to disinvest 20 per cent paid up equity capital of NFL out of its shareholding of 74.71%, through Offer for Sale (OFS) method of shares by promoters through the stock exchanges as per Securities and Exchange Board of India (SEBI) Rule and Regulations, said a notification by the department. ....

Madhya Pradesh , Department Of Investment , Exchange Board Of India , National Fertilizers Ltd , National Fertilizers , Public Asset Management , Exchange Board , Mini Ratna , District Guna , Neem Coated Urea , Bentonite Sulphur , Nitric Acid , Ammonium Nitrate , Sodium Nitrite , Non Urea Fertilizers , Certified Seeds , City Compost , Department Of Investment And Public Asset Management Dipam , National Fertilizers Limited , Offer For Sale , Stake Cell , மத்யா பிரதேஷ் , துறை ஆஃப் முதலீடு , பரிமாற்றம் பலகை ஆஃப் இந்தியா , தேசிய உரங்கள் லிமிடெட் , தேசிய உரங்கள் ,