Power Finance Corp completes 52.63% stake buy in REC. State owned Power Finance Corporation (PFC) on Thursday became the promoter of REC Ltd as it acquired the management control of the power sector lender, PFC chairman and managing director Rajeev Sharma said.According to Moody’s Investors Service, PFC and REC had total reported assets of ₹2.86 trillion and ₹2.46 trillion, respectively.