India, July 8 -- State-owned fertiliser company Rashtriya Chemicals and Fertilizers (RCF) has approved a proposal to raise up to Rs 1,500 crore through a follow-on public offer (FPO).
In a regulatory filing, the company said its Board has approved raising funds through a fresh issue of equity shares aggregating up to Rs 1,500 crore.
The proposed FPO is subject to approvals from the company's shareholders, the Department of Fertilisers, and the Department of Investment and Public Asset Management (DIPAM).
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