PFC’s Buyout Of REC Will Hurt Its Capital Buffers
Power Transmission Lines in Bawana, New Delhi (Photographer: Udit Kulshrestha/Bloomberg)

PFC’s Buyout Of REC Will Hurt Its Capital Buffers

India’s plan to ask Power Finance Corporation Ltd. to buy the government’s 52 percent stake in state-run peer REC Ltd. will help it narrow the budget gap. But that will also bring the PFC’s mandato...
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