PFC tumbles 2% on transfer of subsidiaries to Power Grid
PFC transferred subsidiaries Ananthpuram Kurnool Transmission Limited and Bhadla III transmission Limited to Power Grid Corporation of India on September 27
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PFC transferred subsidiaries Ananthpuram Kurnool Transmission Limited and Bhadla III transmission Limited to Power Grid Corporation of India on September 27
Power sector stocks are in high demand due to the growing interest from global investors and the government. However, cautious investors must watch out for high valuations.
It has raised Rs 3,000 crore debt funding from REC and Rs 2,600 crore debt funding from PFC, the company said in a statement.
Serentica Renewables, an Indian renewable energy developer, has secured Rs 3000 crores of debt funding from REC Limited. The funding will be used to develop hybrid renewable energy projects in Karnataka, with a capacity of 560 MW. This comes after the company recently secured Rs 2600 crores in debt funding from another major player in the power sector, PFC.
Foundry Partners LLC cut its holdings in shares of Premier Financial Corp. (NASDAQ:PFC – Free Report) by 17.7% during the second quarter, HoldingsChannel.com reports. The firm owned 158,795 shares of the company’s stock after selling 34,035 shares during the quarter. Foundry Partners LLC’s holdings in Premier Financial were worth $2,544,000 at the end of the […]