Government Plans to Consolidate Infrastructure Financing Companies
Shital Jibhe / 12 Jun 2017
The government is looking to explore a merger between the Rural Electrification Corporation (REC), Power Finance Corporation (PFC), India Infrastructure Finance Company Limited (IIFCL) and IFCI, with a view to
The government is looking to explore a merger between the Rural Electrification Corporation (REC), Power Finance Corporation (PFC), India Infrastructure Finance Company Limited (IIFCL) and IFCI, with a view to
These companies are expected to welcome the government's move if it decides to take the final call. Also, investments are required in the thermal and renewable energy sector.
At Rs 188.25 per share at 1134 hours IST on the BSE, on Monday, Rural Electrification Corporation was up by 0.2%. at, whereas India Infrastructure Finance Company was trading flat at Rs 1,056 per share whereas Power Finance Corporation was up by 1% at Rs 129.85 per share. IFCI was trading lower by 0.7% at Rs 25.40 per share.
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