Power Finance Corporation $2 billion acquisition of a 52.63% stake in REC

28/3/2019

Public acquisition

Dollar value:

$ 2 billion

Status:

Completed

Date:

28/3/2019

Overview:

Power Finance Corporation, an Indian financial institution, has acquired a 52.63% stake in public infrastructure finance company REC from the Government of India.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Energy

Firms:

JSA

Party: Government of India (Seller)

Lawyers: Dina Wadia, Rohitashwa Prasad, Uttara M Kolhatkar

Luthra and Luthra Law Offices India

Party: Power Finance Corporation (Acquirer)

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