India's cabinet has approved equity of 107 billion rupees ($1.27 billion) for state-run grains stockpiler Food Corporation of India, the information minister said on Wednesday.
Up to 75 per cent of issue is reserved for qualified institutional bidders, 15 per cent for non-institutional investors (HNIs) and 10 per cent for retail investors. The company has also reserved ...
The Food Corporation of India (FCI) is the government's nodal agency for procurement and distribution of foodgrains. "The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister ...