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The latest update is out from Rashtriya Chemicals & Fertilizers Ltd. ( (IN:RCF) ).
Rashtriya Chemicals and Fertilizers Ltd. announced a meeting of its Debenture Allotment Committee to discuss raising funds through the issuance of unsecured, redeemable, non-cumulative, taxable, non-convertible debentures on a private placement basis. The total issue size is set at Rs. 400 crore, with a base of Rs. 300 crore and an option to retain an oversubscription of Rs. 100 crore. This move is likely to impact the company’s financial strategy and market positioning, as it seeks to secure additional capital.
More about Rashtriya Chemicals & Fertilizers Ltd.
Rashtriya Chemicals and Fertilizers Ltd. is a government-owned company in India, primarily operating in the chemicals and fertilizers industry. The company is known for producing a wide range of fertilizers and industrial chemicals, catering to the agricultural sector and contributing to food security in the country.
Average Trading Volume: 133,243
Technical Sentiment Signal: Buy
Current Market Cap: 84.74B INR
See more data about RCF stock on TipRanks’ Stock Analysis page.