{"id":266590,"date":"2019-03-27T06:42:42","date_gmt":"2019-03-27T06:42:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266590"},"modified":"2019-03-27T06:42:42","modified_gmt":"2019-03-27T06:42:42","slug":"power-finance-corporation-to-pay-entire-rs-14500-crore-for-rec-acquisition-on-thursday","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-finance-corporation-to-pay-entire-rs-14500-crore-for-rec-acquisition-on-thursday\/","title":{"rendered":"Power Finance Corporation to pay entire Rs 14,500 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 Rs 14,500 crore to the government for acquiring 52.63 per cent stake in REC, a source said. <\/p>\n<p>The deal would help the government meet its disinvestment target of Rs 80,000 crore for the current financial year ending on March 31.<\/p>\n<p>&#8220;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,&#8221; the source privy to the development told PTI. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. &#8220;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,&#8221; the source privy to the development told PTI.<\/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-266590","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\/266590","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=266590"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266590\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}