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

26 Aug, 2025 12:21

Volume

Todays L/H

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

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347