IFLR1000

Power Finance Corporation Rs145 billion acquisition of a 52.63% stake in REC

28/3/2019
Public acquisition
Select tab

Re 145 billion

$ 209.518 billion

Completed

28/3/2019

Overview:

  • Power Finance Corporation has acquired a 52.63% stake in public infrastructure finance company REC for Rs145 billion from the Government of India.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Energy

Firm:
JSA

Party: Government of India (Seller)

Lawyer: Rohitashwa Prasad

Related deals