The stake sale managed to get total bids for Rs 11,107 crore for 28.74 crore shares, against the offer of 24.28 crore shares.
PFC is the second public sector enterprise to be divested in the current fiscal under the government's disinvestment programme.
Sun TV stock has crumbled 47 percent from its 52-week high level
At close, shares of Jet Airways ended 0.67 percent higher at Rs 412.60 on the BSE. During the day, it rose by 4.18 percent to Rs 427.
The scrip ended the day with a gain of 4.39 percent at Rs 901.65 on the BSE. During the day, it surged 4.95 percent to Rs 906.50.
Other cigarette stocks also faced selling pressure. VST Industries fell by 3.79 percent, Golden Tobacco was down 3.21 percent and Godfrey Phillips India Ltd lost 1.79 percent on the BSE.
At 3.12 pm, the stock was trading 2.88 percent high at Rs 171.20 than last close. In the intra-day session so far, the share rallied between Rs 170.55 to Rs 177.40 when this report was being written.
Tata Motors fell almost 4 percent in the morning trade today following the news of its managing director Karl Slym's death.
Staff at the Toansa facility were found to have retested raw materials and other ingredients after the items failed analytical testing "in order to produce acceptable findings," and did not report or investigate the failures, the FDA said.<br /><br />
The investor darling today recorded its worst percentage loss since October 17. However, the stock had rallied almost 10 percent in the run-up to its results so far in the year 2014.<br /><br />
In 2013, Land Rover sales rose 15 percent to 348,383 units while Jaguar nearly doubled its sales to 76,668 units. The Jaguar F-Type, the company's new sports car, and Land Rover's Range Rover Sport and Range Rover Evoque were favourites among buyers.<br /><br />
Telecom stocks today faced selling pressure, falling as much as 4.4 per cent, after the Delhi High Court held that the Comptroller and Auditor General of<br /><br /> India (CAG) can audit the accounts of private telecom operators under the relevant provisions of the law.
Infosys is poised to overtake ITC as the stock with biggest weighting in the benchmark BSE Sensex and broader Nifty.<br /><br />
Shares of most Indian IT companies have been on the rise in the past few months, due to expectations of a rise in demand in the coming year. Most large and mid-size IT players have hinted at a marginal uptick in spending by clients and a rise in discretionary spending during 2014.<br /><br />