{"id":266960,"date":"2019-03-29T05:29:24","date_gmt":"2019-03-29T05:29:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266960"},"modified":"2019-03-29T05:29:24","modified_gmt":"2019-03-29T05:29:24","slug":"pfc-completes-rec-acquisition-hopeful-of-merger-in-2019-20","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-completes-rec-acquisition-hopeful-of-merger-in-2019-20\/","title":{"rendered":"PFC completes REC acquisition, hopeful of merger in 2019-20"},"content":{"rendered":"<p>NEW DELHI: State-owned Power Finance CorporationNSE 1.91 % (PFC) on Thursday completed acquisition of majority stake in REC Ltd by transferring Rs 14,500 crore to the government and is hopeful of merger of the two firms in 2019-20. <\/p>\n<p>The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year. <\/p>\n<p>&#8220;We are hopeful about merger of the two firms (PFC and REC) during 2019-20. We have to get direction from the government in this regard and then we would appoint consultant for the purpose,&#8221; PFC Chairman and Managing Director Rajeev Sharma told reporters in a press conference on the deal. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-owned Power Finance CorporationNSE 1.91 % (PFC) on Thursday completed acquisition of majority stake in REC Ltd by transferring Rs 14,500 crore to the government and is hopeful of merger of the two firms in 2019-20. The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year. &#8220;We are hopeful about merger of the two firms (PFC and REC) during 2019-20. We have to get direction from the government in this regard and then we would appoint consultant for the purpose,&#8221; PFC Chairman and Managing Director Rajeev [&hellip;]<\/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-266960","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\/266960","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=266960"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266960\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}