Business & Finance

Barclays cuts Power Finance rating; debt bailout impact limited

Published September 26, 2012 Updated September 26, 2012 05:19am

 

Barclays Capital adds Power Finance has limited discom exposure, and cites concerns about the recent run-up in its share prices.

 

Barcap maintains its target price on Power Finance at 155 rupees. Shares of the power lender were down 3.2 percent at 191.50 rupees at 0458 GMT.

 

Copyright Reuters, 2012