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Indian-Commodity  :  Corporate  :  Government raises Rs 535 crore through share sale in National Fertilizers

Government raises Rs 535 crore through share sale in National Fertilizers (28-Jul-2017)

The government has raised around Rs 535 crore through disinvestment of its stake in National Fertilizers (NFL) through an offer of sale. This was the third such offer by a state run firm in this financial year. The government had offered up to 7,35,86,760 equity shares of the company of face value of Rs 10 each, representing 15% of the total paid up equity share capital which was oversubscribed 1.41 times.

National Fertilizers is second largest producer of Nitrogenous Fertilizers in the India commanding 16.5% of market share. The company also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.



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