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.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!
