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PFC and REC to merge in all-stock deal
PFC and REC to merge in all-stock deal with a share swap ratio of 1 share of PFC for every 1.5 shares of REC. The merger is expected to be completed by Q4 FY24, creating a unified power sector financier. The combined entity will have a loan portfolio of over ₹7.5 lakh crore. The move aims to improve operational efficiency and strengthen India’s power infrastructure financing.
📊 STOCKS: PFC, RECLTD | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Merger
#Merger#PFC#REC
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⚠️ This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.
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