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The Economic Times

Economy / The Economic Times

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PFC, REC seek to help centre retain majority at low cost

Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at 10 each, requiring an estimated 800 crore outlay, or subscribing to non-tradable bonds worth around 24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.

26 Jun 2026 12:46 am