PFC and REC boards approved their merger scheme with a share-swap ratio of 88 PFC shares for every 100 REC shares. The merger aims to create India’s largest power financing institution. Analysts advise staggered investment, citing regulatory approvals, execution risks and valuation concerns despite long-term sector support.
PFC and REC boards have approved their merger with a share-swap ratio of 88 PFC shares for every 100 REC shares. This merger intends to establish India’s largest power financing institution. Despite long-term sector support, analysts advise staggered investment due to regulatory…
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