REC for selling PFC stake in Co to PGCIL
The state-run REC Ltd NSE -0.49 % has suggested the government consider selling Power Finance Corporation NSE -0.65 %’s (PFC) stake in the company to Power Grid Corp of India (PGCIL).
In a presentation made to the power ministry in the last week of June, REC NSE -0.49 % suggested a non-banking public sector company acquire PFC’s stake in the company.
