The Hindu Business Line : PFC files prospectus with SEBI

Power Finance Corporation Ltd (PFC) filed its prospectus with market regulator SEBI for its initial public offering on Monday. The State-run lending agency submitted its draft red herring prospectus for an IPO up to 11.73 crore equity shares, representing 10.22 per cent of the post-issue share capital.

The IPO is likely to hit the market around January 15-20 and the company could raise about Rs 1,000-1,200 crore, sources said. PFC has reserved up to 25 lakh equity shares for its employees and the net issue to public is 11.48 crore shares.

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