Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations ) Investment in Unlisted Company.
NFL · price
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National Fertilizers Limited (NFL) has signed a Joint Venture Agreement with the Government of Assam, Oil India Limited, Hindustan Urvarak & Rasayan Limited (HURL), and Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) to form a new company called Assam Valley Fertilizer And Chemical Company Limited (AVFCCL), incorporated on 25.07.2025. The equity split is 40:18:18:13:11 among GoA, NFL, OIL, HURL, and BVFCL respectively. The JV aims to set up a new Ammonia-Urea Complex (Namrup IV Fertilizer Plant) at Namrup, Assam, with a tentative completion timeline of 48 months from the zero date. NFL has subscribed to 18,000 equity shares at Rs. 10 each, totalling Rs. 1,80,000, giving it an 18% stake in the new entity.
This is a strategic investment in a new JV in NFL's core fertilizer business, expanding its presence in Assam. The financial commitment is small (Rs. 1.8 lakh initial), but the project represents a significant business opportunity for long-term capacity addition. No open offer triggered as the new entity is unlisted and not a takeover.