RCF FPO: PSU stock Rashtriya Chemicals and Fertilizers declares ₹1500 crore fundraise. Details here

Rashtriya Chemicals and Fertilizers (RCF) board approved raising up to ₹1,500 crore through a Further Public Offering (FPO) of fresh equity shares, subject to approvals from shareholders, Department of Fertilizers, and DIPAM. The stock jumped 2.4% to ₹134.55 on BSE following the announcement. Alongside the fundraise, RCF also amended its Memorandum of Association to diversify into renewable energy, water management, agrochemicals, warehousing, logistics, and explosives manufacturing, expanding its main business objects from two to ten.