InvestorQ : Is the government planning to divest its stake in NFL and RCF?
Mitali Bhutta made post

Is the government planning to divest its stake in NFL and RCF?

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4 weeks ago
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As part of its divestment program for FY22, the Indian Government will divest 20% stake in National Fertilizers or NFL and a 10% stake in Rashtriya Chemicals and Fertilizers or RCF. It will be divested in the market via the OFS route. The Indian government currently holds 75.71% stake in NFL and a 75% stake in RCF. As the first step, the expressions of interest or EOI has been invited to be submitted by 05 May post which OFS process will start.

The government will hive off 20% of its stake in NFL, and with a good agricultural output situation and rising rural demand, the government sees an opportune moment to monetize its fertilizer holdings. In addition, the DIPAM will also monetize apartments owned by Hindustan Cables in Kolkata and Allahabad. Apart from these, DIPAM will also monetize the land holdings of BEML across places like Mumbai, West Bengal and Chhattisgarh.

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