PFC acquires govt stake in REC for Rs 14,500 crore,

Power Finance Corporation Ltd.
(PFC), on 20 March 2019, signed
Share Purchase Agreement to
acquire 103.94 crore equity shares
of INR 10/- each, of REC Limited
from the President of India
constituting 52.63% of the paid-up
share capital of REC Limited. This
is a major milestone achieved by
PFC, who is now slated to become
promoter and the holding
company of REC Limited.