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        <h1>RCFL's Offer for Sale Oversubscribed by 2.82 Times; Retail Bids Surge 5.62 Times, Government Stake Drops to 75.</h1> Rashtriya Chemicals & Fertilizers Ltd's (RCFL) offer for sale (OFS) was oversubscribed by 2.82 times. The retail portion saw significant interest, oversubscribed by 5.62 times, with bids totaling Rs. 237.28 crore against a reserved amount of Rs. 40.96 crore. The non-retail portion, opened on June 29, 2017, was oversubscribed by 2.14 times, with bids of Rs. 350.62 crore against shares valued at Rs. 163.85 crore. Overall, the OFS aimed to divest 5% of equity shares, amounting to Rs. 204.81 crore, received demand for shares worth Rs. 587.9 crore. Post-OFS, government shareholding in RCFL will reduce to 75%.

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