Govt mulls a 15% FPO in Power Finance Corp | business | Hindustan Times
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Govt mulls a 15% FPO in Power Finance Corp

business Updated: Nov 30, 2010 14:16 IST
PTI
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The government on Monday said that it is considering a 15% follow-on-public offer of Power Finance Corporation (PFC), a proposal sent by the power ministry last week.

"The power ministry has sent a proposal for a 15% fresh equity and 5% disinvestment of government stake in PFC," Secretary Department of Disinvestment Sumit Bose told reporters in New Delhi.

The company needs fund, that's why they have asked for a bigger share of fresh equity, Bose added.