Stock market today: The domestic benchmark indices started off relatively unchanged on Wednesday, following slight increases in the previous session that were primarily driven by IT stocks after the partnership between Infosys and Anthropic was announced. As of 9:15 IST, the Nifty 50 increased by 0.11% to 25,752.65, while the Sensex gained 0.12% to reach…
Power Finance Corporation Limited (PFC), a leading non-banking finance company in the public sector, has purchased 52.63 percent shares of the government in REC Limited (REC), making REC its subsidiary. This acquisition has happened after getting in-principle approval from the Cabinet Committee on Economic Affairs (CCEA). The company’s board of directors has approved the acquisition…
Power Finance Corporation (PFC) announced plans to raise ₹5,000 crore through a non-convertible debenture (NCD) issue, the country’s largest retail issue of bonds in nearly 8 years. The company will issue NCDs of 15-year tenor, and offer a coupon rate of 7.3% payable on an annual basis. The base size of the issue is ₹500…
