The Disinvestment of Power Finance Corporation(PFC)

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..... The Disinvestment of Power Finance Corporation(PFC) - News and Press Release Dated:- 28-7-2015 - News - The second CPSE disinvestment for the fiscal year 2015-16 was successfully completed today wi .....

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..... th the Power Finance Corporation (PFC) OFS getting fully subscribed.On offer was 5% paid up capital of the company comprising 6,60,02,035 shares, each of face value of ₹ 10. Out of the shares of .....

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..... fered for sale, 20% were reserved for retail investors i.e. those investors who placed bids for shares of total value of not more than ₹ 2 lakh. In addition a 20% discount was also offered to re .....

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..... tail investors. With this disinvestment, the GOI shares in PFC will come down to 67.80%.At the end of the day with total subscription of ₹ 3747 crores the issue stood oversubscribed by 233%. .....

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..... The highlight of the issue has been the retail investor participation with 449% over subscription amounting to ₹ 1510 crores. This was the first CPSE disinvestment under the new SEBI Rules allow .....

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..... ing the Notice Period to include banking day in addition to a trading day. Clearly there is tremendous appetite amongst retail investors for the disinvestment programme of the Government of India. .....

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..... The OFS has also been positively endorsed by the institutional investors. At ₹ 2414 crores it was oversubscribed by 180%. - News - Press release - PIB Tax Management India - taxmanagementind .....

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..... ia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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