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FPO News
Near-term concerns, but pricing reasonable While a strong sanctions pipeline, negligible non-performing assets and reasonable pricing make the offer attractive, mounting losses of top borrowers are a concern. Power Finance Corporation (PFC) has consistently delivered a good performance in the past, driven by a low cost of funds, tight management of operating costs and low default rates. Strong demand from the power sector as well as its likely
Disinvestment hope floats, again
Two decades ago when the finance ministry discovered 'disinvestment' as a way of raising revenue from the sale of public sector equity to private entities, the Indian Left saw this as privatisation
Govt approves Indian Bank FPO
The Union government has approved Indian Bank’s proposed follow-on public offer (FPO), through which the bank plans to raise Rs 1,500-1,600 crore. The FPO is expected in September. After the
Like ONGC, OIL may also go for stock split
Close on the heels of Oil and Natural Gas Corporation (ONGC), the second biggest oil producing public sector unit Oil India Ltd (OIL) may be going for a stock split to expand retail participation
PFC: Lower growth, margin concerns
While sanctions remain strong in the near term, SEB losses, project delays and higher cost of funds are key risks
Strong on assets, slow on execution
While the go-ahead for Chiria mines offers raw material security for SAIL, dependence on imported coal is a major risk. |
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