Government Sets Floor Price at Rs 254 for PFC Stake Sale

New Delhi: Government has set the floor price at Rs 254 per equity share for divestment of 5 per cent of its stake in Power Finance Corporation (PFC) on July 27. "...the floor price of the offer in terms of the SEBI OFS Circular shall be Rs 254 per equity share of Power Finance Corporation Ltd," Power Finance Corporation said in a BSE filing. At the floor price, the government is expected to mobilise around Rs 1,676 crore through t...