Power Finance Corporation bought 52.63% stake of government in REC, REC became subsidiary – Market
Power Finance Corporation Limited (PFC), a leading non-banking finance company in the public sector, has purchased 52.63 percent shares of the government in REC Limited (REC), making REC its subsidiary. This acquisition has happened after getting in-principle approval from the Cabinet Committee on Economic Affairs (CCEA). The company’s board of directors has approved the acquisition…
