L&L, JSA lead on PFC acquisition of govt stake in REC for 14,500 crore

Bar & Bench March 22 2019

State-owned Power Finance Corporation Limited (PFC) has acquired the Centre’s 52.63% paid-up share capital in Rural Electrification Corporation (REC) Limited for Rs 14,500 crore.

L&L Partners acted for PFC and the team was led by Partner Damini Bhalla along with Senior Associate Akshay Jain and Associate Arsh Khan.

Partner Abdullah Hussain and Managing Associate Rudresh Singh advised on the Competition Law aspects for securing . . .

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