New Delhi, July 8 -- Rashtriya Chemicals and Fertilisers FPO: State-owned Rashtriya Chemicals and Fertilizers Ltd. (RCF) has approved raising up to Rs.1,500 crore through a Further Public Offering (FPO) of fresh equity shares, marking one of the company's biggest fundraising initiatives in recent years.

Following the announcement, the fertiliser stock jumped 2.4% to its day's high of Rs.134.55 on BSE. It has added 8.5% in 1 month and 6.5% in 3 months; however, it shed 6% in last 6 months and 13% in 1 year.

The proposal, cleared by the company's board on July 7, 2026, is subject to approvals from shareholders, the Department of Fertilizers, Government of India, and the Department of Investment and Public Asset Management (DIPAM).

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