Apr 9, 2019
PFC completes REC acquisition, hopeful of merger in 2019-20
State-owned Power Finance Corporation completed acquisition of majority stake in REC Ltd by transferring Rs 14,500 crore to the government and is hopeful of merger of the two firms in 2019-20. This stake acquisition was in pursuance to the in-principle approval from the Cabinet Committee on Economic Affairs for strategic sale of 52.63 per cent of paid-up equity shareholding of REC held by the government to PFC.
Visit us: https://www.gibf.biz Email us- [email protected] Join us on whatsapp https://chat.whatsapp.com/KlMXgn1R8ff4CzUa5BnIfz