The FPO from Power Finance Corporation Limited has been fully subscribed. Today the issue closed for QIB’s and that portion was subscribed 6.92 times. This is a good level of subscription and shows the appetite that the share has generated. The HNI portion was hardly subscribed while the retail portion was subscribed by a third […]
Archive for the ‘FPO’ Category
Power Finance Corp QIB portion of FPO oversubscribed
May 13th, 2011
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Power Finance FPO price band announced
May 7th, 2011
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Rs 193-203 with discount of 5% to retail and employees Power Finance Corporation Limited announced the price band for its follow on offer which opens on Tuesday the 10th of May and closes for QIB’s on Thursday 12th May and for non QIB bidders on Friday the 13th of May. The price band is Rs […]
Government approves Power Finance Corporation FPO
February 13th, 2011
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The government today approved the FPO from Power Finance Corporation. The FPO would consist of two parts with a fresh issue of 15% and an offer for sale of 5% by the Government. The fresh issue would be 17,21,65,005 shares, while the 5% government’s offer would be 5,73,88,335 shares. The total issue would be for […]
