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PFC strengthens on plan to raise Rs 3,876 crore through tax- free bonds

24 Sep 2013 Evaluate

Power Finance Corporation is currently trading at Rs 132.90, up by 0.90 points or 0.68% from its previous closing of Rs 132.00 on the BSE.

The scrip opened at Rs 131.00 and has touched a high and low of Rs 133.80 and Rs 130.20 respectively. So far 68556 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 97.40 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs 137.95 and Rs 124.40 respectively. The current market cap of the company is Rs 17556.49 crore.

The promoters holding in the company stood at 73.71% while Institutions and Non-Institutions held 20.91% and 5.38% respectively.

Power Finance Corporation (PFC) is planning to raise around Rs 3,876 crore through tax- free bonds by end of FY14. In this regard, the state-run lending agency has filed draft documents with market regulator Securities and Exchange Board of India (SEBI). 

Moreover, the company will use the issue proceed towards general lending operations of the company and other associated business objectives and to discharge existing debt obligations. ICICI Securities, A K Capital Services, Axis Capital and Edelweiss Financial Services are book running lead managers to the issue.

The company has already received approval from Ministry of Finance to raise the bonds aggregating to Rs 5,000 crore in fiscal 2014 out of it has raised an amount of Rs 1,124.10 crore on a private placement basis.

Power Finance Corp Share Price

472.85 8.00 (1.72%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 472.85
REC 382.20
Indian Railway Fin. 103.00
NHIT 151.00
Satin Creditcare 169.85
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