Power Finance Corporation Ltd.

PFC is currently trading at Rs. 223.50, up by 0.30 points or 0.13% from its previous closing of Rs. 223.20 on the BSE.

The scrip opened at Rs. 224.90 and has touched a high and low of Rs. 227.00 and Rs. 222.10 respectively. So far 73,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 256.60 on 04-Nov-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. 227.00 and Rs. 216.30 respectively. The current market cap of the company is Rs. 29,502.91 crore.

The promoters holding in the company stood at 67.80%, while Institutions and Non-Institutions held 27.64% and 4.57% respectively.

Power Finance Corporation (PFC) is planning to raise Rs 55,000 crore via issuance of securities. In this regard, the company sought shareholders’ approval at the company’s annual general meeting scheduled on August 19, 2016. The company has also sought shareholders’ nod for raising its borrowing limit to Rs 4 lakh crore.

As on March 31, 2016, the paid-up share capital of PFC’s defined reserves and surplus were Rs 1,320.04 crore and Rs 19,531.83 crore, respectively.

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.