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PFC plans to acquire government's shareholding in REC

19 Feb 2019 Evaluate

Power Finance Corporation (PFC) has planned to acquire government's shareholding and management control of Rural Electrification Corporation (REC) by March 31, 2019.

The company has received all regulatory approvals required for the deal and that the transaction price has not been finalised as yet.

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

472.85 8.00 (1.72%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 472.85
REC 382.20
Indian Railway Fin. 103.00
NHIT 151.00
Satin Creditcare 169.85
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