Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!


Thursday, December 23, 2010

Power Finance Corporation (PFC) is planning to come up with a Follow-on Public Offer (FPO), which is expected to hit the markets soon. The issue will comprise divestment of 5% stake held by the Centre along with 15% issuance of fresh equity. The decision on the FPO will be taken, taking into consideration the market situation and its favour-ability

Currently, the Government of India holds a 89.78% stake in the company. It had divested a 10% stake through an Initial Public Offer (IPO) in 2007

PFC is a non-banking financial institution that provides loans for various power projects in generation, transmission, distribution sector as well as for renovation & modernisation (R&M) of existing power projects

0 comments:

Post a Comment

Indian IPO Blog Feed Subscribers


Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy
Email: indianipoblog@gmail.com

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers