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Sunday, August 14, 2016

Power Finance Corporation (PFC) to issue bonus shares

Power Finance Corporation would be offering bonus shares and has fixed August 29, 2016 as the Record Date for the purpose of issue of Bonus shares

The ratio for bonus would be 1:1 which means the company would issue one equity share for every share held in the company. The company would go ex-bonus on August 26, 2016

The stock has been trading in a 52 week range of Rs.140.40 (Feb 17, 2016) to Rs.256.60 (Nov 4, 2015). The company has posted a net profit of Rs.6113 crores for FY16 ending
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