PFC stake sale over-subscribed; Govt nets Rs 1,600 crore

Last Updated: Monday, July 27, 2015, 17:52

With the successful sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece, the government would get over Rs 1,600 crore.

PFC stake sale fully subscribed, government may get Rs 1,600 cr

Last Updated: Monday, July 27, 2015, 12:19

PFC is the second PSU to be divested in the current fiscal under the government's disinvestment programme.

PFC stake sale subscribed 36% in initial hour of trade

Last Updated: Monday, July 27, 2015, 11:29

The government is looking to raise over Rs 1,600 crore from sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece.

PFC stake sale subscribed 36% in initial hour of trade

Last Updated: Monday, July 27, 2015, 11:29

The government is looking to raise over Rs 1,600 crore from sale of 6.60 crore shares in Power Finance Corp (PFC) through a one-day OFS route at a floor price of Rs 254 apiece.

Power Finance Corp 5% stake on sale

Last Updated: Sunday, July 26, 2015, 16:21

"The floor price of the offer shall be Rs.254 per equity share of Power Finance Corporation (PFC)," the company said in a stock exchange filing.

PFC stake sale floor price at Rs 254; disinvestment on Monday

Last Updated: Saturday, July 25, 2015, 14:30

Government is expected to mobilise around Rs 1,676 crore through the divestment.

Govt to sell 5% stake in PFC on July 27

Last Updated: Friday, July 24, 2015, 22:44

Government will divest 5 percent of its stake in Power Finance Corporation on July 27 which may fetch around Rs 1,700 crore at current market price.

PFC incorporates BMPL as wholly-owned subsidiary

Last Updated: Wednesday, July 15, 2015, 17:16

"Bihar Mega Power Limited has been incorporated as wholly owned subsidiary of the Company on July 9, 2015," Power Finance Corporation Ltd informed BSE.

PFC's net profit rises 11% to Rs 1,561 crore in Q4

Last Updated: Thursday, May 28, 2015, 18:58

State-run Power Finance Corp Thursday reported 11 percent rise in its standalone net profit at Rs 1,560.76 crore for the fourth quarter ended March 2015.

PFC exceeds loan sanction target by Rs 5,000 crore in FY'15

Last Updated: Monday, April 13, 2015, 20:08

State-run lender Power Finance Corporation on Monday said it has surpassed its loan sanction target by Rs 5,000 crore to touch Rs 60,000 crore for 2014-15.