PFC and REC merger to create power financing giant

PFC and REC merger to create power financing giant. The all-stock merger will form India’s largest power sector financier with a combined AUM of ₹6.5 lakh crore. Shareholders will receive 1 REC share for every 10 PFC shares. The unified entity aims to strengthen infrastructure financing and reduce borrowing costs.
📊 STOCKS: PFC, RECLTD | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #merger