After the PFC-REC merger, the government’s stake in the proposed combined entity is expected to fall below 50 percent. (Photographer: Akio Kon/Bloomberg)

PFC Said To Appoint Deloitte As Consultant For Its Merger With REC

Jun 04 2019, 12:29 PMJun 04 2019, 1:25 PMJune 04 2019, 12:29 PMJune 04 2019, 1:25 PM

Power Finance Corporation Ltd. has appointed Deloitte as a consultant to see through the completion of its merger with state-run peer REC Ltd., a government official told BloombergQuint.After the P...