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PFC-REC merger may not be a priority amid war squeeze
Boards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fall below 51 percent. This could require a substantial capital infusion of around 25,000 crore rupees. Analysts question the feasibility of this. The merger is targeted for April 1, 2027. Discussions continue on the final structure.
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economictimes.indiatimes.com
PFC-REC merger may not be a priority amid war squeeze
Boards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fall below 51 percent. This could require a…
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thehindubusinessline.com
PFC-REC merger moves ahead; seeks Presidential approval for final nod
PFC advances merger with REC, seeking President’s approval. Deal may create a major power financing entity with large infrastructure lending capacity.
