Power Finance Corporation (PFC) share price rallied over 2% on Tuesday after the company’s board announced an interim dividend and raising of funds for FY27. PFC share price gained as much as 2.37% to ₹416.15 apiece on the BSE. The board of directors of Maharatna PSU Power Finance Corporation held a meeting on Tuesday, March…
Stock market today: The domestic benchmark indices, Nifty 50 and Sensex. continued their rebound this week, with both main indices starting in positive territory on Tuesday and further enhancing their growth. The Nifty 50 commenced at 23,493.20, increasing by 84.40 points or 0.36 percent, while the Sensex began at 75,824.17, rising by 321.32 points or…
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…
