PFC surges on plan to raise over Rs 100 crore through tax-free bond issue

Power Finance Corporation Ltd. | Finance Term Lending | BFSI | BSE: 532810 | NSE: PFC

11 Mar 2013 Evaluate

Power Finance Corporation (PFC) is currently trading at Rs. 205.00, up by 2.55 points or 1.26% from its previous closing of Rs. 202.45 on the BSE.

The scrip opened at Rs. 203.55 and has touched a high and low of Rs. 205.40 and Rs. 201.15 respectively. So far 59610 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 227.00 on 08-Feb-2013 and a 52 week low of Rs. 139.00 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 207.75 and Rs. 185.00 respectively. The current market cap of the company is Rs. 27014.11 crore.

The promoters holding in the company stood at 73.72% while Institutions and Non-Institutions held 19.82% and 6.46% respectively.

Power Finance Corporation (PFC) is expecting to raise more than Rs 100 crore through the tax-free bond issue, which will close on March 15, 2013. Till March 8, 2013, subscriptions were reported to be of Rs 68 crore, more than 90% of which came from the retail segment. The company is planning to utilize this fund for lending, debt servicing and working capital requirements.

The bonds, valued at Rs 1,000 each, are secured, redeemable, non-convertible debentures and the coupon rate is 7.38 per cent for retail investors and 7.54 per cent for a Hindu Undivided Family (HUF), while other categories have been given rates of 6.88 per cent and 7.04 per cent for 10-15 years.

Recently in December 2012, the entity had raised Rs 700 crore in the first tranche of tax-free bonds. In 2012-13, public sector financer has been authorized to issue tax-free bonds up to Rs 5,000 crore and till date, the company has raised Rs 1,100 crore.

Power Finance Corpn. Share Price

403.55 0.45 (0.11%)

09-Jul-2026 14:05 View Price Chart

Peers

Company Name	CMP
Power Finance Corpn.	403.55
REC	350.85
Indian Railway Fin.	88.33
NHIT	160.00
Satin Creditcare Net	256.00
View more..

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