PFC and REC approve merger scheme

PFC and REC approve merger scheme to create a unified power financing entity. The move aims to strengthen India's power sector infrastructure with combined balance sheets. This consolidation is expected to enhance operational efficiency and credit capacity. The government holds majority stakes in both firms.
📊 STOCKS: PFC | RECLTD | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Merger