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Rashtriya Chemicals updates on divestment of 10% stake through OFS

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Rashtriya Chemicals & Fertilizers announced that Department of Investment and Public Asset Management (DIPAM), Ministry of Finance , Government of India vide letter dated 30 April 2021 intimated the appointment of Crawford Bayley along with its International consortium partner Squire Patton Boggs Singapore LLP as Legal Advisers for the Disinvestment of 10% paid up equity capital in Rashtriya Chemicals and Fertilizers (RCF) out of Government of India's shareholding through the "Offer for Sale by promoters through the Stock Exchanges" method in the domestic market.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, April 30 2021. 20:01 IST