{"id":262850,"date":"2019-03-07T05:32:14","date_gmt":"2019-03-07T05:32:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262850"},"modified":"2019-03-07T05:32:14","modified_gmt":"2019-03-07T05:32:14","slug":"pfc-to-fund-rec-deal-without-flouting-car-norms-rajeev-sharma","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-to-fund-rec-deal-without-flouting-car-norms-rajeev-sharma\/","title":{"rendered":"PFC to fund REC deal without flouting CAR norms: Rajeev Sharma"},"content":{"rendered":"<p>NEW DELHI: Power Finance Corp (PFCNSE -1.48 %) will fund the acquisition of REC Ltd majorly through its internal accruals and expects to receive sanctions from about four state-run banks for up to Rs 6,000 crore in a week. <\/p>\n<p>The company is confident of financing the Rs 14,000-crore deal without breaching capital adequacy norms and signing the share purchase pact within next 20 days, its managing director, Rajeev Sharma, told ET. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Power Finance Corp (PFCNSE -1.48 %) will fund the acquisition of REC Ltd majorly through its internal accruals and expects to receive sanctions from about four state-run banks for up to Rs 6,000 crore in a week. The company is confident of financing the Rs 14,000-crore deal without breaching capital adequacy norms and signing the share purchase pact within next 20 days, its managing director, Rajeev Sharma, told ET.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-262850","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=262850"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262850\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}