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PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares

Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.

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Economic TimesLean R·9h ago
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
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PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares

How 1 sources are covering this

PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares

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