PFC Obtained permission For Sale Of Shares

PFC Power Finance Corporation FPO News -has obtained a composite permission for new issue of equity stocks in the conference held on August-12-2010. The fund increasing can be by way of QIP (qualified institutional placement) or a FPO (follow-on public offer), The disinvestment not greater than 20per cent of current paid up share capital through the Board of Directors.

Power Finance Corporation Founded in 1986, it is provide finance to the ‘Power Sector’. Net value of the firm was Rs 8688 Crore (2007-2008 ) ,The company enter into the IPO in January 2007. The ipo was oversubscribed by above 76 times

Power Finance Corporation Fpo, PFC fpo,  Power Finance Corporation follow-on public offer , pfc follow-on public offer and new ipo upcomming news

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