PFC acquires 52.63% govt shares in REC for Rs 14,500 crore
Mar 22nd, 2019 | By ThenewsmanofIndia.com(THE NEWSMAN OF INDIA) State-owned Power Finance Corporation (PFC) has signed a share purchase agreement to acquire all 52.63 per cent shares of the government in Rural Electrification Corporation (REC) for about Rs 14,500 crore. Both PFC and REC are navratna central public sector enterprises with combined annual revenues of about Rs 50,000 crore. The
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