Power Finance Corporation extends rally on acquisition of REC
PFC has acquired 52.63 per cent equity stake of the Centre in the REC along with the management control29-03-2019
29-03-2019
POWER FINANCE CORPORATION LTD. - 532810 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Sub: Disclosure pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find enclosed the requisite details.28-03-2019
Power Finance Corporation Ltd - 532810 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Sub: Disclosures under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011- Intimation to Stock Exchanges in respect of acquisition. Please find enclosed herewith disclosures under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with regard to acquisition of 103,93,99,343 equity shares of REC Ltd. (representing 52.63% of the share capital of REC Limited) by PFC from President of India.28-03-2019
Power Finance Corporation Ltd - 532810 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Updates on acquisition of REC Limited Pursuant to Regulation 30 of the SEBI (LODR), Regulations, 2015 and in furtherance to our communication of even no. 1:05:374:4:ACQ dtd. 20th March, 2019, we would like to inform that PFC has acquired 103,93,99,343 equity shares of REC Ltd. (representing 52.63% of the share capital of REC Limited) from President of India at a consideration of Rs. 14499,99,50,186/- at the rate of Rs. 139.5036 per share today thereby completing the acquisition. With the above Power Finance Corporation Ltd. has since become the holding company and also a promoter of REC Ltd.28-03-2019
Power Finance Corporation Ltd - 532810 - Outcome of Board Meeting
Approval of Market Borrowing Programme for FY 2019-20 by the Board of Directors in its Meeting held today i.e. 27th March, 2019.27-03-2019
Moody's retains stable outlook on PFC, REC
Power Finance Corp last week announced a deal value of Rs 14,500 crore to acquire government's stake in REC.27-03-2019
Power Finance Corporation Ltd - 532810 - Incorporation Of A Wholly Owned Subsidiary Of PFC Consulting Limited (A Wholly Owned Subsidiary Of Power Finance Corporation Limited)
This is to inform that Lakadia-Vadodara Transmission Project Limited, has been incorporated as wholly owned subsidiary of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited):22-03-2019
Power Finance Corporation Ltd - 532810 - Board Meeting Intimation for Intimation Pursuant To Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
POWER FINANCE CORPORATION LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/03/2019 ,inter alia, to consider and approve a proposal for raising of resources i.e. Market Borrowing program for the Financial Year 2019-20 through issuance of bonds, term loans from Banks/FIs, Commercial Paper etc. from domestic & international markets.22-03-2019
PFC acquires govt stake in REC for Rs 14,500 crore
Board approved the acquisition at a cash purchase consideration of Rs 139.50 per share22-03-2019
PFC to acquire 52.63% govt shares in REC for Rs 14,500 crore by March-end
As per the proposal, PFC will acquire about 104 crore shares or 52.63 per cent of the government stake in the REC at Rs 139.50 per share.21-03-2019