Power sector doing well in the markets despite concerns
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Shares of The government sold 6.6 crore shares via the exchanges raising roughly 1,700 crore rupees today in order to bridge its fiscal deficit target and also raise funds via divestment of shares in profit making PSU companies. It offered a 5 percent discount to retail investors also reserving a fifth of the shares for them. The government set a floor price of 254 rupees per share for PFC.
PFC fell 2.25 rupees, or 0.9 percent, to 257.30 rupees on the
(Image credits: wikipedia)
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