{"id":266943,"date":"2019-03-29T05:16:58","date_gmt":"2019-03-29T05:16:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266943"},"modified":"2019-03-29T05:16:58","modified_gmt":"2019-03-29T05:16:58","slug":"pfc-completes-rec-buy-pays-rs-14500-cr-to-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-completes-rec-buy-pays-rs-14500-cr-to-govt\/","title":{"rendered":"PFC completes REC buy, pays Rs 14,500 cr to govt"},"content":{"rendered":"<p>NEW DELHI: State-owned Power Finance Corporation (PFCNSE 2.00 %) on Thursday completed the acquisition of majority stake in RECNSE 0.00 % by transferring Rs 14,500 crore to the government, an official said. <\/p>\n<p>The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year. <\/p>\n<p>&#8220;The entire consideration of Rs 14,500 crore for acquiring 52.63 per cent equity of the Government of India in REC is paid by PFC through RTGS (real-time gross settlement) mode this morning,&#8221; the official said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-owned Power Finance Corporation (PFCNSE 2.00 %) on Thursday completed the acquisition of majority stake in RECNSE 0.00 % by transferring Rs 14,500 crore to the government, an official said. The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year. &#8220;The entire consideration of Rs 14,500 crore for acquiring 52.63 per cent equity of the Government of India in REC is paid by PFC through RTGS (real-time gross settlement) mode this morning,&#8221; the official said.<\/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-266943","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\/266943","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=266943"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266943\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}