Wednesday 19 December 2018
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business-standard - 13 days ago

Government nods sale of its 53% stake in REC to Power Finance Corp

The Cabinet Committee on Economic Affairs (CCEA) on Thursday accorded in-principle approval for the strategic sale of the governments existing 52.63 per cent majority shareholding in the Rural Electrification Corporation (REC) to the state-run Power Finance Corporation (PFC), along with transfer of management control.

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