Power Ministry send cabinet note on Power Finance Corporation disinvestment

Power Ministry send cabinet note on Power Finance Corporation disinvestmentPFC (Power Finance Corporation) follow-on public offering is planning to strike the capital market’s by April, May 2011. and Ministry of Power has provided a Cabinet note on the dis-investment of Power Finance Corporation .

A Cabinet note has been distributed on Nov 25 as well as recommended a 10 percent dis-investment & 5 percent new equity.Power Finance Corporation had increased approximately Rs 1,000 cr through an initial public offer in Feb  2007.

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