{"id":266580,"date":"2019-03-27T06:40:04","date_gmt":"2019-03-27T06:40:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266580"},"modified":"2019-03-27T06:40:04","modified_gmt":"2019-03-27T06:40:04","slug":"pfc-to-pay-entire-%e2%82%b914500-crore-for-rec-acquisition-on-thursday","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-to-pay-entire-%e2%82%b914500-crore-for-rec-acquisition-on-thursday\/","title":{"rendered":"PFC to pay entire \u20b914,500 crore for REC acquisition on Thursday"},"content":{"rendered":"<p>NEW DELHI: State-owned Power Finance Corporation (PFC) on Thursday will make the entire payment of \u20b914,500 crore to the government for acquiring 52.63% stake in REC, a source said.<\/p>\n<p>The deal would help the government meet its disinvestment target of \u20b980,000 crore for the current financial year ending on 31 March.<\/p>\n<p>&#8220;The entire consideration of \u20b914,500 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,&#8221; the source privy to the development told PTI.<\/p>\n<p>The source said PFC Chairman and Managing Director Rajeev Sharma will hand over the RTGS advice to Power Minister R K Singh on Thursday to mark the conclusion of this acquisition deal and the money would be transferred to the government&#8217;s account.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-owned Power Finance Corporation (PFC) on Thursday will make the entire payment of \u20b914,500 crore to the government for acquiring 52.63% stake in REC, a source said. The deal would help the government meet its disinvestment target of \u20b980,000 crore for the current financial year ending on 31 March. &#8220;The entire consideration of \u20b914,500 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,&#8221; the source privy to the development told PTI. The source said PFC Chairman and Managing Director Rajeev [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-266580","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266580","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=266580"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266580\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}