Power Finance Corporation (PFC) is planning to come up with a Follow-on Public Offer (FPO), which is expected to hit the markets soon. The issue will comprise divestment of 5% stake held by the Centre along with 15% issuance of fresh equity. The decision on the FPO will be taken, taking into consideration the market situation and its favour-ability
Currently, the Government of India holds a 89.78% stake in the company. It had divested a 10% stake through an Initial Public Offer (IPO) in 2007
PFC is a non-banking financial institution that provides loans for various power projects in generation, transmission, distribution sector as well as for renovation & modernisation (R&M) of existing power projects
