The Indian Competition Authority approves private takeover of publicly held energy company affecting power sector financing and consulting markets (REC / Power Finance Corporation)

CCI approves acquisition of REC Ltd by Power Finance Corporation Ltd* By way of order dated 31.01.2019, CCI has approved the acquisition of around 52.63% equity stake along with management control in REC Ltd (“REC”) by Power Finance Corporation Ltd (“PFC”). The

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Man Mohan Sharma, The Indian Competition Authority approves private takeover of publicly held energy company affecting power sector financing and consulting markets (REC / Power Finance Corporation), 31 January 2019, e-Competitions January 2019, Art. N° 91430

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