Question
Download Solution PDFState-owned Power Finance Corporation (PFC) completed the acquisition of a majority stake in REC Ltd by transferring ________ crore to the government.
This question was previously asked in
SSC MTS Previous Paper 30 (Held On: 19 August 2019 Shift 3)
Answer (Detailed Solution Below)
Option 3 : Rs. 14,500
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Detailed Solution
Download Solution PDFThe Correct Answer is Option 3 i.e Rs. 14,500.
- State-owned Power Finance Corporation (PFC) completed the acquisition of the majority stake in REC Ltd by transferring Rs 14,500 crore to the government.
- Power Finance Corporation (PFC) is regarded as the financial backbone of the Indian Power Sector.
- PFC enjoys the status of Navratna Company in India.
- Chairman and Managing Director: Rajeev Sharma.
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