Business Standard

PFC rallies 5% on opening of tax-free bonds issue

Related News

(PFC) has rallied 5% to Rs 138 on reports that the state-owned company will launch medium- to long-term in the first week of January to raise around Rs 5,000 crore.

The infrastructure finance company’s tax-free bonds issue, which opens today, is offering 8.30% on 15-year and 8.20% on 10-year bonds. The issue will remain open for subscription till January 16. PFC aims to raise Rs 4,033 crore after having already raised Rs 967 crore through private placement, the report suggests.

Half of the total issuance will be allotted to institutional investors, while a quarter will be issued to high net-worth individuals and the remainder to retail investors, the report added.

The stock opened at Rs 133 and touched a high of Rs 139.30 on the National Stock Exchange. A combined around two million shares have changed hands on the counter so far on both the exchanges.

Read more on:   
|
|

Read More

Bank of India shares fall intra-day on freak trade speculation

Shares of Bank of India today fell nearly 8% for a brief period on the National Stock Exchange during afternoon trade on speculation of freak trades, ...

Quick Links

 

Market News

Despite Friday falls, markets sustain longest rally since Feb 2012

The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.

Zee Entertainment hits 14-year high on entry into Nifty

The stock hit high of Rs 317, its highest level since June 2000, on National Stock Exchange.

Markets remain flat; TCS, Cipla top Sensex gainers

The 30-share Sensex was down 2 points at 27,111 and the 50-share Nifty was up 12 points at 8,127

Sebi to soon notify norms for Real Estate Investment Trusts

New norms will enable listing and trading of REITs as any other security on the stock exchange and also help create new platform for raising of ...

BL Kashyap rallies over 100% post HDFC Mutual Fund stake buy

The stock is currently trading at its highest level since August 2011, appreciated by 107% to Rs 18.67 from Rs 9.

Back to Top