The follow-on-public offer of Power Finance Corporation (PFC) - leading financial institution in India focused on the power sector - opened for subscription. Nirmal Bang has recommended subscribing the issue with a medium to long-term perspective, in its research report.
PFC is offering more than 22.95 crore equity shares through the public offer at a price band of Rs 193-203/share. The report says, "PFC is larger in size as compared to REC with total loan assets at 92,118 crore. PFCDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
