Potted plants grow on the roof of a house as smokestacks stand in the background at the coal-fired NTPC Ltd. Badarpur Thermal Power Station in Badarpur, Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

PFC Becomes The Promoter Of REC

Power Finance Corporation Ltd. became the promoter of power financier REC Ltd. as it acquired the government’s 52.63 percent stake in the state-run peer along with its management control.PFC is now...