In March 2019, PFC had completed acquisition of a majority stake in REC by transferring Rs 14,500 crore to the government with hope of merger of the two firms in 2019-20 NEW DELHI: The proposed merger of REC with state-owned shadow banking firm Power Finance Corporation has hit a roadblock and is not likely to […]
Power Finance Corporation raises $300 million loan from overseas
The loan has been jointly approved by State Bank of India, Hong Kong and MUFG Bank Ltd, Singapore. New Delhi: State-owned Power Finance Corporation Monday said it has raised USD 300 million (Rs 2,070 crore) loan from overseas. The loan has been jointly approved by State Bank of India, Hong Kong and MUFG Bank Ltd, […]