PFC and REC said the merger will create a larger financing entity with an aggregate loan book exceeding Rs 11 lakh crore, aimed at strengthening scale and operational efficiency ...

REC had close to 12 lakh small retail shareholders at the end of the March quarter as per the BSE shareholding. These shareholders will be entitled to receive 88 shares of PFC for every 100 shares ...

The boards of both companies approved the merger scheme under Sections 230–232 and other applicable provisions of the Companies Act, 2013.  In a major consolidation move in India’s power financing ...

Reacting to the news, shares of PFC fell as much as 1.96% to ₹424 on the BSE, dragging its market capitalisation to ₹1.4 lakh crore. Meanwhile, REC shares declined 0.27% to ₹363.55, with the company's ...

Indian stock indices opened lower amid US-Iran tensions and rising crude oil prices. The Nifty 50 fell 0.57% while the BSE ...

The boards of directors of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) Limited have approved a scheme of merger for the two power sector companies,” according to an ...

Market participants expect the merger to improve treasury efficiency and pricing discipline, while the combined entity ...

REC has received Ministry of Power approval to merge with Power Finance Corporation, consolidating two major state-owned power sector financiers and dissolving REC as a separate entity.

PFC and REC approve merger scheme to create a ₹11 lakh crore power financing entity, subject to regulatory and shareholder approvals.

The proposed merger of Power Finance Corporation and REC will create India's largest power sector financing institution with ...

Get all latest & breaking news on Pfc Green Energy. Watch videos, top stories and articles on Pfc Green Energy at moneycontrol.com.