Moneycontrol PRO

business

Aim to raise around Rs 5,600cr at current market price: PFC

Power Finance Corporation (PFC) has recently got an approval for a Follow-on Public Offer (FPO) from the cabinet. The company is set to release the FPO launch date by fiscal-end. Satnam Singh, Chairman & Managing Director, PFC says that the company aims to raise around Rs 5,600 crore at the present market price.

first published: Mar 3, 2011 01:09 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347