RCF shares jump 3% after board approves Rs 1,500 crore FPO

RCF shares witnessed an uptick on Wednesday after the state-owned fertiliser maker’s board approved raising up to Rs 1,500 crore through a further public offering (FPO). The proposal, aimed at issuing fresh equity shares, is subject to approvals from shareholders, the Department of Fertilizers, the Government of India and DIPAM.

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