INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Power Finance Company (PFC) plunged nearly 5 per cent, while those of REC climbed 1 per cent, in morning trade on
minister Arun Jaitley said in a briefing after the cabinet meeting.
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
PFC has a net worth of Rs 37,571 crore against Rs 32,478 crore of REC
Shares of PFC traded 2.71 per cent down at Rs 87.80, while those of REC were 0.29 per cent up at Rs 104.25 around 9:50 am on BSE.
