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REC ACQUISITION
Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata ConsumerIndian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus...- President approves merger of REC with Power Finance CorporationThe President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's acquisition of a majority stake in...
- Mega merger incoming: Should you buy PFC, REC shares ahead of merger? Here's what analysts sayPFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the tr...
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- PFC, REC shares in focus as mega merger process advances. What's next?Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approv...
- For investors with patience, experience, and anxiety appetite: 5 stocks from different sectors with upside potential of up to 21%For the last five years, the theme on the street has mostly been: Buy today, expect comfort tomorrow. But some of the better wealth-creatin...
- For investors with long-term perspective: 5 mid-cap stocks from different sectors with upside potential of up to 30%Even before the US-Israel-Iran war began, there was a sort of readjustment taking place in the mid-cap segment – a kind of valuation readju...
- Lenders' fields may yield less as collections wilt in summer"Collections fell by about two percentage points last summer, and we expect a similar dip this year," said the head of a non-bank lender, w...
- Govt considering merger of state-run entities PFC and RECThe government is exploring a merger of Power Finance Corporation and REC Ltd. This move is part of a broader restructuring effort for publ...
- Will Power Grid benefit if it acquires PFC's stake in REC?Power Grid is entering into a cash-rich mature asset ownership stage, with limited growth potential in the conventional transmission space....
- REC for selling PFC stake in Co to PGCILIn a presentation made to the power ministry in the last week of June, REC suggested a non-banking public sector company acquire PFC's stak...
- No road map for PFC-REC merger yet: Govt officialsEven a year after Power Finance Corporation acquired REC for Rs 14,500 crore, the government has no road map on the merger of the two state...
- 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.
- Debt-laden REC's bond waiver plan draws investor ireThe company is offering investors the equivalent of 5 cents and 3 cents on the dollar respectively to waive the rights for those two notes.
- REC must get consent from at least 50 per cent of lenders for PFC deal to go throughREC has appointed Barclays Bank, Citigroup Global Markets, HSBC and Standard Chartered Bank as consent solicitation agent.
- 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.
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