Power Finance Corporation Limited
218.05-1.25 (-0.57%)
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Prev Close219.30
Bid218.05 x
Ask0.00 x
52wk Range140.25 - 256.75
Day's Range216.60 - 220.85
Avg Vol (3m)2,266,689
As of 5:59 AM EDT. Market closed.
  • Reuters2 years ago

    Indian government eyes Plan B as $10 bln sell-off deadline nears

    India's government is scrambling to put together a 'Plan B' to raise even a fraction of its $10 billion target from asset sales, officials said, with potential new sales including part of its stake in refiner Indian Oil. Prime Minister Narendra Modi's government, elected last year, needs to complete some major deals to deliver on a budget promise to trim the fiscal deficit to a seven-year low by the end of the year in March. Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates, placing the onus on the government to help revive the economy by putting public finances on a firmer footing. One official in the finance ministry's department of disinvestment said on Friday the government was now considering putting other assets on the block, including 10 percent of IOC, worth $1.3 billion at current market prices.

  • Reuters3 years ago

    IFC bond points to offshore rupee push

    * World Bank unit to sell rupee bonds to global investors * Move paves way for liberalisation of Indian currency * Power Finance and others courting foreign bond buyers By Manju Dalal SINGAPORE, Oct 11 ...