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Stocks in news: Torrent Power, GAIL, J&K Bank, Ola Electric, Vedanta, InfosysMarkets ended higher for the third consecutive session amidst volatility. Today's trade will focus on ceasefire developments and the MPC me...- Power Finance Corporation signs 120 billion yen loan pact with Japan Bank for International CooperationState-owned PFC has signed an agreement with Japan Bank for International Cooperation (JBIC) for a 120 billion Japanese yen loan facility t...
- PFC signs accord with Gujarat Govt for power projects worth Rs 25,000 crThe Power Finance Corporation (PFC) has signed a Memorandum of Understanding (MoU) with the Gujarat government to provide financial backing...
- REC proposal on its takeover by Power Grid spurned, says RK SinghPower Grid's market capitalisation had fallen about ₹33,000 crore in the last two trading sessions following reports of the proposal. Share...
- Power Ministry rejected REC proposal of selling PFC's stake to PGCIL: Union power minister RK SinghPower Grid’s market capitalisation had fallen about Rs 33,000 crore in the last two trading sessions following reports of the proposal. Sha...
- PFC dismisses speculations over FPO in near futureThe company said, "There have been rumours circulating in the market on the launch of FPO by the PFC. In this regard, it is clarified that ...
- Power Finance Corporation, REC merger hits roadblockAs per the RBI's norms, debt exposure of an NBFC in a project cannot exceed 25 per cent. The exposure of Power Finance Corporation (PFC) an...
- PFC borrows $300 million through syndicated loanState-run Power Finance Corporation Ltd (PFC) on Monday said it has raised $300 million through three year syndicated loan from State Bank ...
- PFC completes REC acquisition, hopeful of merger in 2019-20The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current fina...
- PFC completes REC buy, pays Rs 14,500 cr to govtThe transaction has helped the government meet its disinvestment target of Rs 80,000 crore.
- Power Finance Corporation to pay entire Rs 14,500 crore for REC acquisition on ThursdayThe deal would help the government meet its disinvestment target of Rs 80,000 crore for the current financial year ending on March 31.
- PFC to fund REC deal without flouting CAR norms: Rajeev SharmaThe company is confident of financing the Rs 14,000-crore deal without breaching capital adequacy norms.
- Funding blues for green companies, discoms over REC-PFC dealPower distribution companies of at least three states said REC’s disbursements have slowed down. An official in Andhra Pradesh said REC was...
- PFC plans to borrow Rs 7,000 crore from domestic banks to fund REC dealIt is not expected to raise funds through issue of shares this year as the borrowings along with internal resources and several other steps...
- REC's acquisition will stretch PFC's balance sheet, says Ind-RaThe ratings of REC will be aligned with the rating of PFC.
- PFC not to make open offer post REC acquisitionREC will continue to be a separate listed company.
- REC-PFC deal will create financial & operational issues for 2 companies: ExpertsIndustry insiders were divided on the government’s latest proposal to reverse roles and ask PFC to buy REC. It had earlier proposed that RE...
- REC surges 2%, PFC declines 2% on merger reportsThe move is seen as a surprising reversal of the previous plan of REC taking over PFC.
- Power ministry fears merger likely to hurt PFC, RECPower ministry is worried that FinMin's move will hurt two sound navratnas in a sector already ailing.
- New consultant, bid papers to avoid Sasan-like disputePower Finance Corporation (PFC), the nodal agency for the ultra mega power projects, has decided to take steps to avoid a repeat of the con...
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