TaxTMI 
TaxTMI 
TaxTMI 
The Disinvestment of Power Finance Corporation(PFC)
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....he Disinvestment of Power Finance Corporation(PFC) <br>News and Press Release<br>Dated:- 28-7-2015<br><BR>The second CPSE disinvestment for the fiscal year 2015-16 was successfully completed today wit....
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....h 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 off....
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....ered 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 ret....
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....ail 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%.The....
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.... 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 allowing....
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.... 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. The ....
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....OFS has also been positively endorsed by the institutional investors. At ₹ 2414 crores it was oversubscribed by 180%.<BR> News - Press release - PIB....