PSU stock in focus: Rs 1,500 crore FPO gets shareholder nod

PSU stock in focus: Rs 1,500 crore FPO gets shareholder nod - here’s what investors need to know PSU stock in focus: Rashtriya Chemicals and Fertilizers (RCF) shareholders have approved a proposal to raise up to Rs 1,500 crore through a Further Public Offering (FPO) by issuing fresh equity shares.

The approval was granted at the company's 48th Annual General Meeting held on September 25, 2026, through special resolutions, according to a disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (SEBI LODR) Regulations. According to the company's exchange filing, shareholders approved the proposal to raise funds through a fresh issue of equity shares aggregating up to Rs 1,500 crore.