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Divestment of PFC: Impact may be Neutral on Shareholders

News:

Power Finance Corporation (PFC)  shares fell as much as 3.4 per cent to intraday low of Rs 252.20 on Monday. The government is selling 5 per cent stake in Power Finance Corporation to the public as part of its divestment programme.
Source: NDTV

SNP Insights:

Divestment generally lead to fall in share price but the impact may not stay for a longer period as only 5% stake is divested and the raised money may be used to increase the overall networth benefitting the shareholder of the company.
Source: SNP Infra Research