PFC-REC merger approved; swap ratio set

29 Jun 2026via The Times of IndiaSource

English हिंदी తెలుగు தமிழ்ಕನ್ನಡ मराठी বাংলা ગુજરાતી

PFC-REC merger approved; swap ratio set The government has approved the merger of REC into PFC, effective August 1, 2024. Shareholders will receive 1 share of PFC for every 2 shares of REC. The move consolidates power sector financing under one entity, impacting valuation and trading dynamics.
📊 STOCKS: PFC | RECLTD | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Merger

#Merger#State-Owned#StockSwap

Stocks mentioned

PFCPFC RECLTDRECLTD

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