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July 11th, 2016, 10:33 AM
Guest User
Iffco psu

Hi I am interested in having the details of the IFFCO now not being a Public Sector Unit and the details about the repayment of the government share of investment?
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Welcome To IFFCO

July 11th, 2016, 11:36 AM
Super Moderator
Join Date: Mar 2012
Re: Iffco psu

Indian Farmers Fertilizer Cooperative Limited, otherwise called IFFCO, is the world's biggest manure helpful organization situated in India which is enlisted as a Multistate Cooperative Society. IFFCO has 40,000 part cooperatives

Indian Farmers Fertilizer Cooperative Ltd (Iffco) will turn into a 'non-government' element taking after the choice of Iffco board to return Rs 80 crore shares to government. The choice will help Iffco to openly offer for other open part endeavors (PSUs).

With return of shares to government, the last's stake in Iffco will come down to 41 for each penny from 59 for every penny prior. The dominant part shares will be held by cooperatives from everywhere throughout the nation.

"Taking after revisions to the Multi-state Cooperative Societies Act by Parliament, the helpful began repatriation of government value in perspective of the extra share capital commitments made by the agreeable social orders," said Iffco administrator

Conveyed by the excitement of the part social orders, the helpful gave back a significant sum in April 2003 cutting down the shareholding of government to 59 for each penny lastly to 41 for each penny.

With the arrival of an aggregate of Rs 115 crore to the legislature since March 2002, the part cooperatives social orders have turned into the greater part shareholders and Iffco will no more go under the stranglehold of government organizations like the Central Vigillance Commission (CVC) and Comptroller and Auditor General of India (CAG) as appropriate to other government organizations.

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