REC and PFC boards approve merger in principle
after close1 source ↓written by the desknot a recommendation
The Boards of REC Limited and Power Finance Corporation have approved a merger in principle, aiming to enhance scale and efficiency in the non-banking financial sector. This decision aligns with the Union Budget 2026-27 goals for improved credit disbursement and technology integration. The merged entity will remain a Government Company under the Companies Act, 2013.
Not investment advice. For informational purposes only.