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Divestment of RCF – Issue Subscribed over 1.3 Times

Rashtriya Chemicals & Fertilizers Ltd (RCF) issue has been subscribed over 1.3 times. The Government will receive approximately Rs. 310 crores from the sale proceeds. The Issue was subscribed by all categories of Investors including retail investors.

The divestment was carried out to make the Company compliant to the mandatory public shareholding requirements under the SCRR regulations.

Earlier, the Government had approved divestment of 12.5% of paid-up equity of the Rashtriya Chemicls & Fertilizers Ltd (RCF) out of the Government of India™s shareholding of 92.5 per cent vide OFS route through Stock Exchange Mechanism.

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eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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