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, record date details, and what the restructuring means for shareholders.
The proposed merger of Power Finance Corporation and REC aims to establish India's largest power sector financing institution. With a combined loan book exceeding Rs 11 lakh crore, this restructuring is set to create a financial giant. Key details include the approved share swap…
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