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News Brief | March 2013

PFC to issue Rs 100 cr tax free bonds

Government-owned Power Finance Corp has planned to raise Rs 100 crore through a tax free bonds issue. The proposed issue is part of its plan to garner Rs 5,000 crore by way of issuing tax free securities in the current fiscal 2012 - 13. Of the total target, Rs 1,110 crore has already been raised. PFC is to raise Rs 100 crore through this issue with an option to retain over subscription up to the residual shelf limit Rs 3,890.25 crore prior to March 31st, according to information available with the market regulator SEBI.
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