PFC follow-on

Power Finance Corp prices share sale at top to raise $1 billion

Power Finance Corp replenishes its capital base by selling new shares, while the government divests a 5% stake.
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Power, anyone? (AFP)
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<div style="text-align:left;"> Power, anyone? (AFP) </div>

Power Finance Corp (PFC), an Indian government-controlled company that provides financing and advisory services for power projects, has sold approximately Rs45.8 billion ($1 billion) worth of shares after pricing its follow-on public offering at the top end of the range.

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