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
Left 2 · Centre 5 · Right 2 n = 9
- 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