PFC to acquire REC for ₹14,500cr, help govt meet disinvestment target | Editorji
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PFC to acquire REC for ₹14,500cr, help govt meet disinvestment target

Mar 27, 2019 19:03 IST

The Power Finance Corporation on Thursday will pay the entire amount of ₹14,500 crore to the government to acquire 52.63% stake in public infrastructure finance firm, REC. The payment will be carried out through real-time gross settlement or RTGS and will help the government to meet the disinvestment target of ₹80,000 crore for the current financial year ending on March 31.

PFC to acquire REC for ₹14,500cr, help govt meet disinvestment target

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