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Disinvestment Without Reform: Stock Price at a Toss

News:

State-run Power Finance Corporation (PFC) will seek the shareholders' approval for raising up to Rs 60,000 crore through issue of securities. 
Source: ET

SNP Insight:

Further disinvestment of PFC in poor demand of electricity due to weak financial health of state discom may lower the share value of the companies. Disinvestment without reformation in the sector may put the entire process at loss.
Source: SNP Infra Research