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
Thursday, December 23, 2010
Power Finance Corporation (PFC) to come up with a Follow-on Public Offer (FPO)
Tags
# Follow-on Public Offers
# PFC
# PFC FPO
# PFC Ltd. FPO
# Power Finance Corp
# Power Finance Corp FPO
# Power Finance Corporation FPO
# Power Finance Corporation Ltd. FPO
# Upcoming IPO
# Upcoming issues
![Author Image]()
About IndianIPOBlog
Soratemplates is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The main mission of soratemplates is to provide the best quality blogger templates which are professionally designed and perfectlly seo optimized to deliver best result for your blog.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment