Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is currently trading at Rs. 125.10, up by 0.55 points or 0.44% from its previous closing of Rs. 124.55 on the BSE.

The scrip opened at Rs. 124.10 and has touched a high and low of Rs. 125.30 and Rs. 123.20 respectively. So far 61,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.00 on 11-Apr-2017 and a 52 week low of Rs. 103.30 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 125.30 and Rs. 120.20 respectively. The current market cap of the company is Rs. 33,013.00 crore.

The promoters holding in the company stood at 66.35%, while Institutions and Non-Institutions held 28.24% and 5.41% respectively.

Power Finance Corporation has received an approval for merger of its wholly-owned subsidiary PFC Green Energy with itself. The board of directors at its meeting held on September 29, 2017 has approved for the same. The scheme is conditional upon and subject to the sanction by the Ministry of Corporate Affairs.

Power Finance Corporation (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.