Power Finance Corporation FPO
The government today approved follow-on public (FPO) offer of the state-run lending agency Power Finance Corporation worth about Rs 5,732 crore.
The exact amount to be raised through the offer can be ascertained only after the Empowered Group of Ministers (EGOM) decides the offer price.
The shares of the company were trading at Rs 249.7 a price, down 2.44 per cent from previous close in the afternoon trade on Bombay Stock Exchange.
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