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The Economic Times

Economy / The Economic Times

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Power Finance acquires 52.63% government stake in REC Limited

Power Finance Corporation has acquired a majority stake in REC Limited. This move consolidates public sector non-banking financial companies. The acquisition follows the Union Budget's vision for scaling up credit disbursement and technology adoption. PFC's board has approved the acquisition and a future merger. Post-merger, PFC will remain a Government Company.

6 Feb 2026 4:34 pm