Here are the key takeaways from the REC-PFC merger:
- Sovereign Consolidation: REC Limited will merge entirely into its parent company, Power Finance Corporation (PFC).
- Mega-NBFC Created: The combination creates India’s largest state-backed financier with a joint loan book of ₹10.81 lakh crore.
- Corporate Dissolution: Post-merger, REC will be officially dissolved, and its standalone listing will cease.
- Investor Focus: Shareholders are now awaiting the board’s final decision on the share swap ratio.
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