M&A

M&A

PFC, REC may bid for stressed assets to curb bad loans

Economic Times  

State-run power sector financiers Power Finance Corp (PFC) and REC (formerly Rural Electrification Corporation Ltd) are considering bidding for stressed power assets to prevent large haircuts on their loans during resolutions. The companies propose to float a consortium of lenders and state-run power developers to acquire and operate such stressed assets.