REC-PFC merger receives RBI nod

REC-PFC merger receives RBI nod clears a major regulatory hurdle. The Reserve Bank of India has granted 'No Objection Certificate' for the merger of REC and PFC, paving way for a unified entity. The move strengthens India’s power sector financing with a combined balance sheet of over ₹2.5 lakh crore. Final approvals and shareholder consent are expected soon.

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