India seeks banks for fertiliser divestments

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By Rashmi Kumar
16 Apr 2021

The Indian government is looking for banks to help offload its stakes in Rashtriya Chemicals & Fertilizers and rival National Fertilizers, sending out two requests for proposals for the divestments.

India’s Department of Investment and Public Asset Management (Dipam) published the RFPs on its website this week.

Up for grabs is a 10% stake of Rashtriya Chemicals & Fertilizers, a company that posted profits after tax of about Rp2.1bn in the 2019/20 financial year. The government holds about ...

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