REC and PFC merger approved at 88:100 share swap ratio
pre-market1 source ↓written by the desknot a recommendation
- merger scheme
- 28 June 2026
- loan book exceeding
- ₹11 lakh crore
The Board of Directors of REC Limited and Power Finance Corporation approved a merger scheme on 28 June 2026. The share exchange ratio is set at 88 PFC shares for every 100 REC shares. This merger aims to create a larger financing entity with an aggregate loan book exceeding ₹11 lakh crore.
The merger is pending approvals from shareholders, creditors, and regulatory authorities, ensuring the merged entity retains its status as a Government Company with majority voting rights held by the Government of India.
Not investment advice. For informational purposes only.