PFC-REC merger explained: Swap ratio, rationale, other key details as merger set to create Rs 11 lakh cr power financing giant
The proposed merger of Power Finance Corporation and REC will create India's largest power sector financing institution with a combined loan book exceeding Rs 11 lakh crore. Here's a look at the approved share swap ratio, merger rationale, pending approvals, …
The News Flicker
The proposed merger of Power Finance Corporation and REC will create India's largest power sector financing institution with a combined loan book exceeding Rs 11 lakh crore. Here's a look at the approved share swap ratio, merger rationale, pending approvals, …
The boards of Power Finance Corporation (PFC) and REC have approved the merger scheme, paving the way for a mega restructuring that will create India's largest power sector financing institution, wit…
Originally published by The Times of India. Read the full article →
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