New Delhi, March 17 -- Power Finance Corporation (PFC) share price rallied over 2% on Tuesday after the company's board announced an interim dividend and raising of funds for FY27. PFC share price gained as much as 2.37% to Rs.416.15 apiece on the BSE.

The board of directors of Maharatna PSU Power Finance Corporation held a meeting on Tuesday, March 17, to consider and approve two proposals.

Firstly, PFC board approved raising of funds for FY27 through bonds, term loans, commercial Paper (CP) etc. from domestic and international markets. The board also approved an interim dividend and declared the record date and payment date for the said dividend.

PFC board approved a fourth interim dividend of Rs.3.25 per equity share on the face val...