💨 Abstract

REC Limited, a non-banking financial company, has received a No Objection Certificate (NOC) for setting up a subsidiary in Gujarat International Finance Tech- City (GIFT) in Gandhinagar, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖