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Tata Chem among four shortlisted
for NFL stake
Financial Express — February
16, 2002
As many as four bidders, including Tata Chemicals, have been
shortlisted for acquiring stake in National Fertiliser Limited
(NFL), slated for privatisation next month.
"We have shortlisted four bidders for acquiring majority
stake in the fertiliser major, for which price bids will be
invited early next month," official sources said. Tata
Chemicals, Indo Gulf, Chambal Fertilisers and Oswal Chemicals
are in the fray for a 51 per cent stake in NFL.
The government has mandated Rabo Finance Private Ltd to act
as global advisors for the strategic sale. It currently holds
97.64 per cent stake in the fertiliser company.
NFL had a paid up capital of Rs 490crore as on March 31,
2000, of which the government holds Rs 479crore. Its net worth
was placed at Rs 1,407crore.
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