PSU Watch logo

| NCL inks MoU with CIL, NTPC JV for installation of 50 MW solar power PV project |   | ‘SBI collected Rs 300 crore from zero balance accounts for certain services in 5 years |   | Power consumption grows nearly 47% to 28.34 BU in the first week of April |   | Centre may redraw bank recapitalisation plan in wake of new challenges |   | Rise in Covid cases to delay demand recovery in global oil market: ICICI Securities Report |   | IRSDC invites e-RFP for Bijwasan railway station development |  

Windacre Partnership buys 5.59 crore shares of PFC

Windacre bought the shares for Rs 135 per scrip, taking the overall value of the deal to Rs 755.10 crores, NSE’s bulk deal data showed
New Delhi: Windacre Partnership Master Fund has bought 5.59 crore shares of state-run non-banking finance company Power Finance Corporation (PFC) for Rs 755 crore through open market transaction. Windacre bought the shares for Rs 135 per scrip, taking the overall value of the deal to Rs 755.10 crores, NSE’s bulk deal data showed.

Morgan Stanley sells PFC shares

Separately, Morgan Stanley France SAS sold more than 4.85 crore shares of Power Finance Corporation for Rs 655.76 crore. As per the shareholding pattern on March 31, Morgan Stanley held 5.32 crore shares or 2.02 percent stake in PFC. On Friday, PFC shares had closed 1.03 percent lower at Rs 134.45 on the NSE, while it settled at Rs 134.10 apiece on the BSE, lower by 1.29 percent.