TMI BlogThe Disinvestment of Power Finance Corporation(PFC)X X X X Extracts X X X X X X X X Extracts X X X X ..... The Disinvestment of Power Finance Corporation(PFC) - News and Press Release Dated:- 28-7-2015 - News - The second CPSE disinvestment for the fiscal year 2015-16 was successfully completed today wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th 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 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fered 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 re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tail 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%. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The 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 allow ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The OFS has also been positively endorsed by the institutional investors. At ₹ 2414 crores it was oversubscribed by 180%. - News - Press release - PIB Tax Management India - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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