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Power Finance Corporation Ltd (PWFC.NS)

PWFC.NS on National Stock Exchange of India

111.05INR
2:17pm IST
Change (% chg)

Rs0.60 (+0.54%)
Prev Close
Rs110.45
Open
Rs110.00
Day's High
Rs111.60
Day's Low
Rs109.70
Volume
3,841,034
Avg. Vol
12,101,074
52-wk High
Rs112.05
52-wk Low
Rs67.50

Latest Key Developments (Source: Significant Developments)

Power Finance Corp Exec Says After Acquisition, REC Will Continue To Be Govt Co
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Power Finance Corporation Ltd Executive::EXEC SAYS AFTER ACQUISITION BY CO, REC WILL CONTINUE TO BE A GOVERNMENT CO.EXEC SAYS AFTER ACQUISITION REC COVENANTS WILL NOT BE BREACHED.EXEC SAYS IN CASE THERE IS SOME BREACH, WE CAN NEGOTIATE WITH BONDHOLDERS.EXEC SAYS PRICING OF THE ACQUISITION WILL BE SUCH THAT OPEN OFFER WILL NOT BE REQUIRED.POWER FINANCE CORPORATION EXEC SAYS ARCELORMITTAL HAS GIVEN A SUBSTANTIAL BID FOR ESSAR MAHAN POWER PLANT AT 40 MILLION RUPEES PER MEGAWATTS.  Full Article

Competition Commission Of India Approves Acquisition Of Stake In REC Ltd By Power Finance Corp - Tweet
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Competition Commission Of India::APPROVES ACQUISITION OF ABOUT 52 PERCENT SHAREHOLDING IN REC LTD BY POWER FINANCE CORPORATION LIMITED - TWEET.  Full Article

India Considers Merging Two State-Run Lenders To Utilities, REC Ltd And Power Finance - Bloomberg
Wednesday, 28 Nov 2018 

Nov 27 (Reuters) - :INDIA CONSIDERS A PROPOSAL TO COMBINE TWO STATE-RUN LENDERS TO UTILITIES, REC LTD. AND POWER FINANCE CORP - BLOOMBERG, CITING SOURCES.FIRST PHASE OF THE DEAL WILL SEE REC ACQUIRING MAJORITY STAKE IN POWER FINANCE VALUED AT $2.5 BILLION POSSIBLY BY YEAR ENDING MARCH 2019- BLOOMBERG.  Full Article

India Plans Raising $2.8 Bln by Merging Power Firms - Bloomberg
Monday, 24 Sep 2018 

Sept 24 (Reuters) - :INDIA PLANS RAISING $2.8 BILLION BY MERGING POWER FIRMS; GOVERNMENT MAY SELL ITS STAKE IN SJVN AND POWER FINANCE - BLOOMBERG, CITING SOURCES.  Full Article

India's Power Finance Corporation June-Qtr Profit Rises
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Power Finance Corporation Ltd ::JUNE QUARTER PROFIT 13.73 BILLION RUPEES VERSUS 11.22 BILLION RUPEES.JUNE QUARTER TOTAL REVENUE FROM OPERATIONS 70.28 BILLION RUPEES VERSUS 67.29 BILLION RUPEES.  Full Article

India's Power Finance Corp Sept qtr profit from cont ops up marginally
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Power Finance Corporation Ltd :Sept quarter net profit from continuing operations 18.87 billion rupees.Consensus forecast for sept quarter net profit was 18.64 billion rupees.Sept quarter total income 71.09 billion rupees.Declared interim dividend of 6 rupees per share.Profit from continuing operations in sept quarter last year was 18.73 billion rupees; total income was 70 billion rupees.  Full Article

Power Finance not to extend open offer to REC's minority holders

Power Finance Corp Ltd said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd.