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Our Bureau

Mumbai , Jan. 2

THE Union Government has called for expressions of interest from companies interested in buying 51 per cent stake in Rashtriya Chemicals and Fertilisers Ltd. The Government plans to offload two per cent of its share to employees out of the total 92.5 per cent stake it holds in RCF.

The Disinvestment Ministry has appointed ICICI Securities Ltd as advisors to the Government of India for arranging strategic sale of its stake in RCF, while Kapil Sapra & Associates (KSA) has been appointed as the legal advisors for the disinvestment process, the Ministry has said in its EoI invitation.

According to the guidelines laid down by the Disinvestment Ministry, in case the net worth of a sole bidder interested in buying the 51 per cent stake should be more than Rs 300 crore as per the latest audited annual accounts.

More Stories on : Fertilisers | Disinvestment

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