Economy · India
PFC and REC Boards Approve Merger, Creating Power Financing Giant
The boards of Power Finance Corporation (PFC) and REC Ltd have approved a merger scheme, creating a significant entity in the power sector financing landscape. The combined loan book is expected to exceed ₹11 lakh crore. REC shareholders will receive 88 PFC shares for every 100 REC shares held as part of the approved share swap ratio.
How outlets across the spectrum covered it
L 2 C 5 R 2
- Left (2): The Hindu, The Wire
- Centre (5): Business Standard, Hindustan (Hindi), Jansatta, The New Indian Express, The Times of India
- Right (2): Dainik Jagran, The Pioneer