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REC’s acquisition will stretch PFC’s balance sheet, says Ind-Ra

New Delhi: The acquisition of REC Ltd will stretch the balance sheet of Power Finance Corp (PFC) with an impact on its return on assets (2QFY19: 1.86%) and return on equity but the positive cash flow of the latter over October 2018 to March 2019 will address the liquidity concerns, said India Ratings& Research (Ind-Ra). […]

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