Announced Tue, 7 Jul · 15:20 IST
RCF plans Rs 1,500 Crore Further Public Offering of equity shares
Fund Raising View source PDF
RCF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹130.72
prior close
₹127.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5———-0.7+0.3+0.6+0.2-1.8-1.7————
Up moveDown movePending
AI summary
Board of Rashtriya Chemicals and Fertilizers approved raising up to Rs 1,500 Crore through a Further Public Offer of fresh equity shares. The move needs shareholder, Fertilizer Ministry and DIPAM clearances. The board also approved expanding the company objectives to include renewable energy, water treatment, explosives, agro-chemicals, warehousing and other allied businesses.
Likely market impact
Fresh equity will dilute existing shareholders. Expansion into new sectors signals growth focus pending government approvals.