The Cabinet Committee on Economic Affairs has approved the Follow on Public Offer, FPO, of Power Finance Corporation. The FPO will consist of 17 crore equity share of ten rupees each constituting fresh issue of 15 per cent of pre-issue existing paid up capital.

The government today also approved a proposal of Mauritius-based Enam India Infrastructure Fund to undertake foreign direct investment of 3,450 crore rupees in the country. These funds are expected to be invested in equity and equity-linked investments in infrastructure and energy sectors.