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PFC plans stake buys in power projects

02 May 2011 Evaluate

Power Finance Corporation (PFC) plans to buy minority stakes in power projects. The company is in the process of appointing a consultant who will assist in drafting a suitable policy framework for equity investment. The company also plans to offer equity syndication opportunities for projects to increase its fee-based income.

The company has never made equity investment in projects before. Power Finance’s follow-on offer is scheduled to open on May 10. This will be the first disinvestment in a state-owned firm in the new fiscal.

The company plans to sell 15% in fresh equity shares while the government will divest 5% stake to raise about 6,000 crore. The government holding in the company came down to 89.8% in 2007 after it sold 10% stake in an initial public offer. Power Finance has already incorporated a subsidiary, Power Equity Capital Advisors Private, to provide consultancy services related to equity investments in the sector.

Power Finance Corp Share Price

470.80 -2.05 (-0.43%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 470.80
REC 383.35
Indian Railway Fin. 103.62
NHIT 151.00
Satin Creditcare 172.25
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