Power Finance Corporation Ltd.

Power Finance Corporation is currently trading at Rs 167.10, up by 1.15 points or 0.69% from its previous closing of Rs 165.95 on the BSE.

The scrip opened at Rs. 166.90 and has touched a high and low of Rs. 167.90 and Rs. 166.90 respectively. So far 38132 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 281.40 on 24-Jun-2015 and a 52 week low of Rs. 140.40 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 170.65 and Rs. 162.80 respectively. The current market cap of the company is Rs. 22057.88 crore.

The promoters holding in the company stood at 67.80%, while Institutions and Non-Institutions held 27.58% and 4.62% respectively.

Power Finance Corporation (PFC) has acquired over 23.32% stake in Shree Maheshwar Hydel Power Corporation (SMHPCL) by invoking pledged shares and partially converting debt into equity.

PFC is one of the lenders of Shree Maheshwar Hydel Power Corporation and had given a loan of Rs 700 crore to SMHPCL along with guaranteeing Rs 400 crore to the bond holders of the company.

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.