Dubious disinvestment
The REC-PFC deal makes little sense13-12-2018
Power Finance Corporation Ltd reply to clarification sought by the exchange
The Exchange had sought clarification from Power Finance Corporation Ltd with reference to the media report, "PFC not to make open offer to REC's minority shareholders after acquisition"Power Finance Corporation Ltd response is enclosed.13-12-2018
Clarification Regarding Media Report.
Clarification regarding media report dated 9th December, 2018 titled 'PFC not to make open offer to REC's minority shareholders after acquisition'13-12-2018
Outcome of Board Meeting
The Board of Directors of Power Finance Corporation Ltd. in its meeting held today i.e. 11th December, 2018 took note of Department of Investment and Public Asset Management, Ministry of Finance, Government of India O.M. dated 11th December, 2018 enclosing therewith a copy of PIB release dt. 6th December, 2018, regarding the Cabinet decision on the 'In-principle' approval for the strategic sale of the Government of India's existing 52.63% of total...11-12-2018
Clarification sought from Power Finance Corporation Ltd
The Exchange has sought clarification from Power Finance Corporation Ltd with respect to news article appearing on www.business-standard.com - December 09, 2018 titled "PFC not to make open offer to REC's minority shareholders after acquisition".The reply is awaited.10-12-2018
PFC not to make open offer to REC minority shareholders post acquisition
The Cabinet Committee on Economic Affairs on December 6 gave in-principle approval to the acquisition of the government stake in Rural Electrification Corporation by PFC.09-12-2018
PFC plunges 5% as CCEA clears deal to acquire REC
ET had on Tuesday reported that in a surprising reversal, the government proposed that Power Finance Corp acquire REC Ltd against the previous plan of REC taking over PFC.07-12-2018
Cabinet approves sale of govt's stake in REC to PFC
Move will help govt raise 14,000 crore, taking it closer to its FY19 disinvestment target06-12-2018
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Reliance Nippon Life Asset Management Ltd06-12-2018
Cabinet to consider REC stake sale to PFC Thursday
Sale of government stake in REC to PFC can fetch around 15,000 crore to the exchequer05-12-2018