 "cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings")
The government plans to sell 20 per cent of its stake in National Fertilizers (NFL) through an offer for sale (OFS), and has invited merchant bankers, brokers, and legal advisors to assist the transaction.
The government holds 74.71 per cent stake in the company, which is the second-largest producer of urea in the country. The sale could fetch the government around Rs 408 crore, according to the market closing price of the company’s shares on Wednesday.
The government intends to complete its divestment programmes for the ongoing fiscal (2020-21, or FY21) by mopping up Rs 32,000 crore. So far, the
