The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth, the company stated.
REC shares: Elara said REC continues to prop talent, skillset, effective pricing, focusing on state-backed assets, quality renewable corporates, government-led rooftop solar loan and high-ticket infra projects.
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Jeffers said it will be paid for by shaving the investments in HDFC Bank, Bajaj Finance, ICICI Prudential Life Insurance, and ICICI Lombard General Insurance by one percentage point each