Power Finance Corporation (PFC) will shortly move the nodal power ministry seeking a nod

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to mop up equity funds through a follow-on public offer (FPO) or qualified institutional placement as the lender received status of a NBFC infrastructure finance company (IFC) on Wednesday.

Having received NBFC-IFC status, PFC will have to maintain a capital adequacy ratio of 15 per cent as against 10 per cent earlier. The ratio at June-end stood at 17.38 per cent, a senior company official said.

“The company will advocate fresh equity issue but not divestment,” the official said.

At present, government holding in the company stands at 89.78 per cent. The government had divested 10 per cent stake by way of an IPO in 2007. Company CMD Satnam Singh had last Thursday said, “After IFC status, we will definitely have to go to the capital markets.”