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PFC-REC merger gets board nod, to create massive power financing firm

PFC and REC Ltd boards have approved a merger scheme, subject to approvals. REC will merge into PFC, with REC shareholders ...
The Financial Express

PFC-REC merger approved: REC shareholders to get 88 PFC shares for every 100 held – Check key details

REC shareholders will receive 88 equity shares of PFC with a face value of Rs 10 each for every 100 equity shares of REC with ...

PFC Board Clears Merger Scheme to Absorb REC Limited

Power Finance Corporation Limited ( (IN:PFC)) has issued an announcement. Power Finance Corporation’s board has approved a merger by absorption of REC Limited into PFC, following recommendations from ...