PFC (Power Finance Corporation) Follow On Public Offer Early Next Financial Year

PFC (Power Finance Corporation) follow on public offer is likely to emerge early next financial yearPFC (Power Finance Corporation) follow on public offer is likely to emerge early next financial year, Govt officials mentioned.

The Centre plans to disinvest 5percent stake in PFC, even though the firm would issue new stocks to the tune of 15percent.

The firm has already asked applications to employ as much as 4 lead managers to guide it about the timing as well as other factors of the planned issue.

Power Finance Corporation, that is involved in financing power transmission , generation and distribution projects, ideas to utilize the money from the issue to finance current loans as well as future financing activities.

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