Power Finance Corporation withdrew its planned Rs2,500 crore three-year bond issuance after investors demanded yields higher than expected, while it accepted Rs2,500 crore via a 15-year bond at a 7.55 per cent cut-off coupon after receiving Rs6,995 crore in bids across 93 bids with yields ranging from 7.34 per cent to 7.60 per cent.

Power Finance Corporation Limited has fixed August 27 as the record date for an interim dividend of Rs 3.9 per share, with investors required to hold shares in demat accounts on that date to qualify.

Morgan Stanley downgraded Power Finance Corporation Limited to equal weight from overweight and cut its target price by 20% to Rs 410, citing Q1 FY27 loan growth slowing to 4% year-on-year from 16% a year earlier. The brokerage cut Power Finance Corporation's core EPS estimates by 5.5% for FY28 and 7% for FY29, noting that defending market share would limit margin upside while protecting spreads risks further growth pressure.