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The company has fixed 22 March 2021 as the record date for the dividend.Power Finance Corporation (PFC) in a regulatory filing on Friday (12 March 2021) said that its board has declared an interim dividend of Rs 8 per equity share on the face value of the paid-up equity shares of Rs 10 each for the financial year 2020-21. The record date for the same is set on 22 March 2021.
Shares of PFC gained 2.57% at Rs 137.85 on Friday. At the ruling market price, the dividend yields work out to 5.8%.
PFC is a leading power sector public financial institution and a non-banking financial company providing fund and non-fund based support for the development of the Indian power sector.
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IPO price band fixed at Rs 1488 to Rs 1490 per share.
Craftsman Automation will hit the primary market on Monday, 15 March 2021, with its initial public offering (IPO) at a price to be determined through a 100% book building process.
The issue will close on Wednesday, 17 March 2021. The price band for the IPO is set at Rs 1488-1490 per share. An investor can bid for a minimum of 10 equity shares and in multiples thereof.
The issue comprises of equity shares comprising a fresh issue of Rs 150 crore and an offer for sale of 45,21,450 equity shares by existing shareholders.
Those offloading shares in the offer-for-sale are Srinivasan Ravi, K Gomatheswaran, Marina III (Singapore) and International Finance Corporation (IFC). Currently, IFC and Marina hold 14.06% and 15.50% stake, respectively, in the company. Besides, Srinivasan Ravi owns a 52.83% stake and K Gomatheswaran has a 7.04% holding.