PFC-REC merger approved; swap ratio set

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