Power Finance Corporation FPO priced at 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 16, 2011 has approved the Issue Price for PFC's FPO at the upper cap of the Price Band i.e. Rs. 203/- per share with a discount of 5% to the Retail Investors and Eligible Employees.

The stock closed the day at Rs.216.50, up by Rs.0.65 or 0.30%. The total traded quantity was 1.18 lakhs compared to 2 week average of 1.67 lakhs.

The stock hit an intraday high of Rs.221.40 and low of Rs.210.

Source : Equity Bulls

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