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Tuesday, May 10, 2011

Power Finance Corporation Limited, the state-run Navratna Financial Institution, is coming up with a Follow-on Public Offer (FPO), which opens for subscription from today

PFC was set up in July 1986 as a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors. The Corporation was notified as a Public Financial Institution in 1990 under Companies Act, 1956. The Corporation was registered as a on Banking Financial Company by RBI and has been  conferred with the status of  Nav-Ratna PSU by Govt. of India on 22nd June, 2007

Power Finance Corporation FPO Price Band has been fixed at Rs.193/- to Rs.203/- per equity share. The shares of Power Finance Corporation Limited are currently listed on both the exchanges. Stay tuned to Indian IPO Blog for the latest updates on the FPO!

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