PFC completes REC acquisition, pays ₹14,500cr to govt | Editorji
  1. home
  2. > business
  3. > PFC completes REC acquisition, pays ₹14,500cr to govt
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

PFC completes REC acquisition, pays ₹14,500cr to govt

Mar 28, 2019 17:33 IST

State-owned Power Finance Corporation on Thursday completed the acquisition of public infrastructure company Rural Electrification Corporation. PFC transferred ₹14,500 crore to the government through real-time gross settlement to own 52.63% stake in REC. With this deal, the government can meet its disinvestment target of ₹80,000 crore for the current financial year.