PFC-REC merger approved, creating India's largest power NBFC

PFC-REC merger approved, creating India's largest power NBFC. The board has cleared the merger, combining two state-owned giants. The new entity will have a combined ₹3.6 lakh crore loan book, enhancing scale and efficiency in the power sector. Integration is expected to be complete by FY25.

📊 STOCKS: PFC, RECLTD | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Merger