Power Finance Corp dismisses speculations over FPO in near future
State-owned non-banking finance firm Power Finance Corporation (PFC) on Tuesday dismissed speculations about the launch of follow on public offer (FPO) to raise funds in near future.
According to a BSE filing, PFC has been receiving queries on the recent news circulating in the market regarding the launch of FPO, buyback option on infrastructure bonds and also update on the enhanced liquidity package.
Thus, the company issued FAQs (frequently asked questions) in this regard to clear its position on the issues.
The company said, “There have been rumours circulating in the market on the launch of FPO by the PFC. In this regard, it is clarified that the PFC is not planning to launch any such FPO in the near future”.
