PFC follow-on

Power Finance Corp prices share sale at top to raise $1 billion

Power Finance Corp replenishes its capital base by selling new shares, while the government divests a 5% stake.
<div style="text-align:left;">
Power, anyone? (AFP)
</div>
<div style="text-align:left;"> Power, anyone? (AFP) </div>

Power Finance Corp (PFC), an Indian government-controlled company that provides financing and advisory services for power projects, has sold approximately Rs45.8 billion ($1 billion) worth of shares after pricing its follow-on public offering at the top end of the range.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media