Diabytes
Power Finance Corp News
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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.
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PFC is the second PSU to be divested in the current fiscal under the government's disinvestment programme.
The government has set the base price for the offering of shares in state-run Power Finance Corp Ltd at Rs 254 a share, the company said on Saturday, a discount of 2.1 percent from Friday`s close.
India Inc continued to lap up debt in the January-March quarter, with proceeds touching USD 14.9 billion, a 29.9 percent jump from a year ago.
Shareholders have voted in favour of the fund raising plan along with proposal to enhance the borrowing power of the company.
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