REC takeover to up PFC’s leverage by Rs 15,000 cr: Ind-Ra

REC takeover to up PFC’s leverage by Rs 15,000 cr: Ind-Ra

The proposed takeover of the government’s 52.63 per cent stake in Rural Electrification Corporation (REC) by Power Finance Corporation (PFC) is likely to stretch latter’s balance sheet and increase its leverage by up to Rs 15,000 crore, India Ratings said Tuesday.

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