Fertiliser Corporation of India is Out of BIFR
BIFR has given an order for de-registration of the FCIL from BIFR and the company is out of BIFR now. According to Shri Srikant Kumar Jena, Minister of State (I/C) for Chemicals & Fertilizersand Statistics & Programme Implementation it is a day of pride for the people of the country, especially Odisha as after sustained efforts, the clearance of FCIL from BIFR has been given, which shall help in revival of Talcher Unit in Odisha on fast track basis. See the press release
Disinvestment of 7.64 percent paid up equity capital of National Fertilizers Limited
The disinvestment will be out of Government of India‘s (GOI's) shareholding of 97.64 percent, as per the Securities and Exchanges Board of India (SEBI) rules and regulations in order to make the NFL compliant to public share holding requirements under the Securities Contracts (Regulation) Rules (SCRR). The paid up equity capital of the company as on 31.03.2012 is Rs. 490.58 crore that is approximately 49.05 crore equity shares, each of Face Value of Rs. 10/-. See the press release
Yes Bank Limited is allowed to increase foreign equity participation upto 60 percent
The approval would result in foreign investment amounting to Rs.2,650 crore approximately being received in the country. See the press release
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