PFC board approves merger with REC at 88:100 swap ratio
PFC board approves merger with REC at 88:100 swap ratio. Shareholders of REC will get 88 shares of PFC for every 100 shares held. The merged entity will have a loan book exceeding ₹11 lakh crore, creating one of India’s largest power sector financiers. The move aims to strengthen credit profile and operational synergies.
📊 STOCKS: PFC, RECLTD | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Merger
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