Press Esc to close
Sunday 31 July 2016
News updated at 3:55 AM IST
Weather
Max: 23.2°C
Min : 19.8°C
In Bengaluru
Generally cloudy

Tata Capital, PFC to set up PE fund

Mumbai, Dec 14, 2012, DHNS :

 Power Finance Corporation (PFC) has said it would set up a $1-billion private equity (PE) fund in a joint venture with Tata Capital to invest in equities of private power projects.

Tata Capital will hold 51 per cent equity in the joint venture, while the state-run PFC to own the balance 49 per cent. “PFC is already in the process of finalising the terms of the JV pact and the fund is expected to become operational in the next six-nine months,” said PFC Chairman & Managing Director Satnam Singh on the sidelines of a press conference to launch the company’s tax free bonds.

The company’s target for sanctions this fiscal stood at Rs 45,140 crore, of which it has sanctioned Rs 41,732 crore. Out of Rs 40,000 crore distribution target it has disbursed Rs 17,555 crore as on September 2012, Singh said.

PFC’s outstanding sanction (order book) stands at Rs 1.68 lakh crore, which will help the company disburse the remaining Rs 23,000 crore, he pointed out.


Go to Top

Photo Gallery
Indian transgender, Bharatanatyam dancer Lakshya performs during 'Expression Beyond Gender...

Indian transgender, Bharatanatyam dancer Lakshya performs during 'Expression Beyond Gender...

Villagers take part in traditional Boat race in flood water in Morigaon district of Assam...

Villagers take part in traditional Boat race in flood water in Morigaon district of Assam...

Dhoni felicitates Gold Medalists Indian Archer players during a programme...

Dhoni felicitates Gold Medalists Indian Archer players during a programme...

A Mahila congress party worker holds a garland made of vegetables during protest over price...

A Mahila congress party worker holds a garland made of vegetables during protest over price...

A single horned rhino swims through flood waters in flood-hit Kaziranga National Park, in Assam...

A single horned rhino swims through flood waters in flood-hit Kaziranga National Park, in Assam...

Artist from Venkateshwara Natyamandira performing Bharatanatya on the occasion of KS&DL Centenary...

Artist from Venkateshwara Natyamandira performing Bharatanatya on the occasion of KS&DL Centenary...

Army personnel take position at the site of encounter where two Army soldiers and two militants ...

Army personnel take position at the site of encounter where two Army soldiers and two militants ...

An deserted and aerial view of Anand Rao circle fly over on Sheshadri road following the bandh...

An deserted and aerial view of Anand Rao circle fly over on Sheshadri road following the bandh...

A Dog is seen sitting in front of closed Shopping mall with Kannada flag displed during Karntaka...

A Dog is seen sitting in front of closed Shopping mall with Kannada flag displed during Karntaka...

An elephant moves through a waterlogged street after heavy rains in New Delhi on Friday...

An elephant moves through a waterlogged street after heavy rains in New Delhi on Friday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523