PFC FPO Price Band fixed at Rs.193 to Rs.203

Based on the recommendation of the Board of Directors of Power Finance Corporation Ltd, the Empowered Group of Ministers (EGoM) of the Government of India, in its meeting held on May 06, 2011, has decided the Price Band of Rs. 193/- to Rs. 203/- per equity share (floor price of Rs. 193/- per equity share and a cap of Rs. 203/- per equity share) for the Further Public Issue of Power Finance Corporation Limited.

A discount of 5% on the issue price to retail individual bidders and eligible employees who apply for allotment of shares out of the quota reserved for them.

The stock closed the day at Rs.214.55, down by Rs.0.60 or 0.28%. The stock hit an intraday high of Rs.216.80 and low of Rs.210.05.

The total traded quantity was 1.02 lakhs compared to 2 week average of 1.79 lakhs.

Source : Equity Bulls

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