PFC and REC approve merger to form ₹11L Cr entity
PFC and REC approve merger to form ₹11L Cr entity. The boards of both state-owned firms have approved the amalgamation, creating a financial entity with ₹11 lakh crore on-balance-sheet assets. The merged entity will strengthen India’s power sector financing. Final approval awaits regulatory and shareholder consent.
📊 STOCKS: PFC | RECLTD | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Merger
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