Power Finance Corporation Ltd.

Power Finance Corporation is currently trading at Rs. 122.70, up by 1.85 points or 1.53% from its previous closing of Rs. 120.85 on the BSE.

The scrip opened at Rs. 120.85 and has touched a high and low of Rs. 124.45 and Rs. 120.85 respectively. So far 283685 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.30 on 20-Feb-2020 and a 52 week low of Rs. 74.20 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 124.45 and Rs. 117.50 respectively. The current market cap of the company is Rs. 32605.01 crore.

The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 37.55% and 6.45% respectively.

Power Finance Corporation (PFC) is planning to open its Rs 5,000 crore public issue of secured, redeemable Non-Convertible Debentures on January 15, 2021. The base Issue size is Rs 500 crore with an option to retain oversubscription of up to Rs 4,500 crore aggregating up to Rs 5,000 crore which are within the shelf limit of Rs 10,000 crore.

The Non-convertible debentures (NCDs) are of the face value of Rs 1,000 each. The Tranche I Issue is scheduled to close on January 29, 2021, with an option of early closure or extension as decided by PFC's Board of Directors or a duly constituted committee thereof.

PFC is central PSU under Ministry of Power and India's leading NBFC.