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

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

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

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

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.

Govt sets Power Finance offering base price at Rs 254/share

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.

Bond sales gain traction, jump 30% to $14.9 billion in Jan-Mar

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.

PFC gets shareholders' nod for raising up to Rs 44,000 cr

Shareholders have voted in favour of the fund raising plan along with proposal to enhance the borrowing power of the company.

CoalMin seeks explanation from JSW, Tata Steel, others

The notice has also been issued to Ispat Godavari Ltd, Ind-Agro Synergy Ltd, Nakoda Ispat, Vandana Global, Shree Bajrang Power & Ispat Ltd for delaying the production from Nakia I & II coal blocks.

PFC restructures Suzlon loans worth over Rs 900 crore

PFC's loan assets book rose to Rs 1,60,367 crore in the last financial year.

PFC eyes bank stake to bolster payment security mechanism

The state-owned entity, that primarily lends to the power sector, is looking to buy stake in a public sector bank. The proposal has already been send to the Power Ministry.

PFC launches Rs 100 crore tax free bonds issue

The issue, which started on Monday, has an option to retain over-subscription up to the residual shelf limit of Rs 3,890.25 crore.

PFC's Rs 100 cr tax-free bonds issue opens Monday

The proposed issue is part of its plan to garner Rs 5,000 crore by way of issuing tax-free securities in the current fiscal (2012-13). Out of the total target, Rs 1,110 crore has already been raised.

PFC's Rs 4,590 crore tax-free bond issue opens Friday

"The tax-free bond issue to raise close to Rs 4,590 crore will open on December 14 and close on December 21," the company said in a statement here.

PFC to launch Rs 4,590 cr tax-free bond issue from Dec 14

State-run lending agency Power Finance Corp Wednesday said it will launch tax free bond issue to garner up to Rs Rs 4,590 crore from Friday.

PFC plans to raise up to Rs 4590 cr via tax-free bonds

State-run lending agency Power Finance Corp plans to raise up to Rs 4,590 crore through tax free bonds by March next year.

PFC to set up $1-billion equity fund with Tata Capital

Power Finance Corp along with Tata Capital will set up a USD 1 billion private equity fund, that would mainly focus on financing for domestic power projects.

Power Finance Corp Q1 net up 41.63% to Rs 971.88 cr

The company's total income increased to Rs 3,944.86 crore for the first quarter ended June 30, 2012 from Rs 2,924.13 crore in the year-ago period.

PFC looking for global partner for consultancy arm

State-run Power Finance Corp is looking for an international partner for its subsidiary PFC Consulting with a view to expanding operations in the SAARC region, a top company official said Monday.

PFC to start selling Rs 1,000 cr tax-free bonds tomorrow

Power Finance Corp will start selling tax-free bonds tomorrow to raise up to Rs 1,000 crore.

India to meet 2011/12 govt stake-sale target: Source

The government is confident of raising the budgeted Rs 400 billion through stake sales in state-run companies, a senior finance ministry official with direct knowledge of the matter said on Tuesday.

Power Finance gets RBI nod for $1 bn overseas debt issue: Source

State-run Power Finance Corp (PFC) has received the RBI's approval to raise $1 billion via offshore medium-term note borrowing, which will mark its debut in the international bond market, a company source with knowledge of the deal told a news agency.