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PFC shines on planning to acquire government's shareholding in REC

19 Feb 2019 Evaluate

Power Finance Corporation is currently trading at Rs. 107.25, up by 3.50 points or 3.37% from its previous closing of Rs. 103.75 on the BSE.

The scrip opened at Rs. 103.70 and has touched a high and low of Rs. 107.65 and Rs. 103.65 respectively. So far 309167 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.20 on 26-Feb-2018 and a 52 week low of Rs. 67.60 on 17-Jul-2018.

Last one week high and low of the scrip stood at Rs. 107.65 and Rs. 99.40 respectively. The current market cap of the company is Rs. 28050.86 crore.

The promoters holding in the company stood at 61.48%, while Institutions and Non-Institutions held 32.19% and 6.32% respectively.

Power Finance Corporation (PFC) has planned to acquire government's shareholding and management control of Rural Electrification Corporation (REC) by March 31, 2019.

The company has received all regulatory approvals required for the deal and that the transaction price has not been finalised as yet.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.

Power Finance Corp Share Price

473.65 8.80 (1.89%)
20-Apr-2026 14:39 View Price Chart
Peers
Company Name CMP
Power Finance Corp 473.65
REC 383.35
Indian Railway Fin. 103.27
NHIT 151.00
Satin Creditcare 171.25
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