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    Divestment of 12.5% stake in RCF may happen soon

    CNBC-TV18 learns from government sources that, the cabinet committee on economic affairs (CCEA) is likely to meet on Saturday to take a decision on the divestment of 12.5% stake in Rashtriya Chemicals & Fertilizers (RCF).

    December 19, 2012 / 09:23 IST

    CNBC-TV18 learns from government sources that, the cabinet committee on economic affairs (CCEA) is likely to meet on Saturday to take a decision on the divestment of 12.5% stake in Rashtriya Chemicals & Fertilizers (RCF).

    The government currently holds 92.5% stake and would opt for offer sale route to raise funds. It has so far raised only Rs 6,700 crore whereas it has set a target of Rs 30,000 crore for FY13.

    The CCEA may also take up the issue of exporting 25 lakh tonne of wheat by Food Corporation of India.

     

    first published: Dec 18, 2012 05:55 pm

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