PFC is currently trading at Rs. 161.10, up by 2.00 points or 1.26% from its previous closing of Rs. 159.10 on the BSE.
The scrip opened at Rs. 159.40 and has touched a high and low of Rs. 161.95 and Rs. 158.30 respectively. So far 1,30,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 383.00 on 14-Oct-2010 and a 52 week low of Rs. 130.20 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs. 162.75 and Rs. 145.10 respectively. The current market cap of the company is Rs. 21,264.00 crore.
The promoters holding in the company stood at 73.72% while Institutions and Non-Institutions held 15.19% and 11.09% respectively.
Power Finance Corporation (PFC), the state-run power financier, will raise $1 billion around Rs 4,600 crore via offshore medium-term note borrowings. The company has received RBI’s nod for the same. This issue will mark the company’s debut in the international bond market.
In the next 6-8 weeks, the company expects to set up an Euro Medium Term Note (EMTN) programme and will appoint bankers for the offering by September end. The borrowing will be utilised for funding the power projects, including ultra mega power projects, financed by 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.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 452.00 |
| REC | 507.60 |
| Indian Railway Finance | 146.20 |
| Satin Creditcare | 147.25 |
| MAS Financial Serv | 270.55 |
| View more.. | |
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