$61 Billion Debt Merger Set to Bolster India’s Credit Market
New Delhi, Feb 16: The Indian government’s plan to merge state-owned Power Finance Corp. (PFC) and REC Ltd. is expected to strengthen financing for large scale power projects and inject liquidity into the country’s credit market, analysts say.
The combined entity will hold outstanding rupee bonds worth 5.5 trillion ($61 billion), representing…
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