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PFC inches higher on its plans of raising Rs 4,590 crore through tax free bonds

07 Dec 2012 Evaluate

Power Finance Corporation (PFC) is currently trading at Rs 202.00, up by 0.70 points or 0.35% from its previous closing of Rs 201.30 on the BSE.

The scrip opened at Rs 203.00 and has touched a high and low of Rs 203.50 and Rs 201.75 respectively. So far 69906 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 223.80 on 17-Feb-2012 and a 52 week low of Rs 131.10 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs 203.00 and Rs 190.15 respectively. The current market cap of the company is Rs 26571.85 crore.

The promoters holding in the company stood at 73.72% while Institutions and Non-Institutions held 19.65% and 6.64% respectively.

Power Finance Corp (PFC) has decided to raise up to Rs 4,590 crore through tax free bonds by March next year. The company is planning 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 410 crore has already been raised.

The bonds will be issued in one or more tranches through non-convertible debentures (NCD) route, according to draft prospectus filed with SEBI. The company will utilize these funds for lending purposes, debt servicing and working capital requirements.

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

464.85 5.85 (1.27%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 464.85
REC 373.35
Indian Railway Fin. 104.85
NHIT 151.00
Satin Creditcare 174.75
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