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Iffco out of NFL race; Kribhco still in the fray.
(From Chemical Business NewsBase - Chemical Week)
Indian Farmers Fertilisers Cooperative Ltd (Iffco) has decided to abstain from acquiring 51% stake in National Fertilizers Ltd (NFL), thereby making way for NFL's serious contender, Krishak Bharati Cooperative Ltd (Kribhco). In its recent board meeting, the directors of Iffco decided to focus on banking and management control in Madras Fertilisers Ltd. Following this, Kribhco has appointed ICICI Securities Ltd to undertake due diligence and to prepare a techno-feasibility report of NFL. The company has also submitted its expression of interest for NFL, and plans ...
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