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CCEA approves sale of government stake in REC to PFC

07 Dec 2018 Evaluate

The Cabinet Committee on Economic Affairs (CCEA) has given in principle approval for strategic sale of the Government of India's existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) for an estimated Rs 15,000 crore, along with transfer of management control.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.

Power Finance Corp Share Price

470.80 -2.05 (-0.43%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 470.80
REC 383.35
Indian Railway Fin. 103.62
NHIT 151.00
Satin Creditcare 172.25
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