NEW DELHI: State-owned Power Finance Corporation (PFC) on Thursday will make the entire payment of Rs 14,500 crore to the government for acquiring 52.63 per cent stake in REC, a source said.
The deal would help the government meet its disinvestment target of Rs 80,000 crore for the current financial year ending on March 31.
“The entire consideration of Rs 14,500 crore for acquiring 52.63 per cent equity of Government of India will be paid by the PFC through RTGS (real-time gross settlement) mode on March 28, 2019,” the source privy to the development told PTI.
