Power Min to float cabinet note for PFC FPO soon

The power ministry is all set to push for its next disinvestment. Sources tell CNBC-TV18 that the power ministry will be floating a cabinet note next week for bringing PFC's follow-on public offer (FPO).

February 03, 2011 / 16:34 IST

The power ministry is all set to push for its next disinvestment.

Sources tell CNBC-TV18 that the power ministry will be floating a cabinet note next week for bringing Power Finance Corporation's (PFC) follow-on public offer (FPO).

The note proposes 5% disinvestment and 15% fresh equity and aims to raise Rs 7,000 crore from the market in April this year.

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