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

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

Why does Securities Market require Regulators?

Why does Securities Market require Regulators? The lack of conditions of best competitors in the securities market creates the position of the Regulator very important. The regulator makes sure that the ...…

Primary Markets?

Primary Markets? The market in which investors have the initial opportunity to buy a newly issued security ( IPO ). Companies and other groups obtain financing through ...…

Mutual Funds

Mutual Funds Why  you need a expert or a financial planner to select the funds & timely review them because even a 3% difference in the Portfolio ...…

What is Lock-in?

What is Lock-in? "Lock-in" implies a freeze on the shares sale for a several time period. SEBI rules have stipulated lock-in needs on stocks of promoters mainly to ...…

What is securities?

What is securities? The securities are generally categorized into debt securities and equity securities , The  banknotes, bonds and debentures are a debt securities , The  futures, forwards, ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV