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Power Finance Corp Ltd plans IPO

Power Finance plans to float an IPO of 154.5 million shares representing 15% of its equity.

india Updated: Jan 24, 2006 19:08 IST
Reuters
Reuters
None

India's state-run Power Finance Corp Ltd plans to float an Initial Public Offering of 154.5 million shares representing 15 per cent of its equity, a company official said on Tuesday.

"The issue will be at a premium," the official who did not want to be named said.

First Published: Jan 24, 2006 12:37 IST