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PFC board clears next step for REC merger, seeks govt approval
Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of Indias nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while ensuring the merged entity retains its government-company status.
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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.
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timesofindia.indiatimes.com
PFC, REC boards clear merger, seek approval from President
NEW DELHI: The boards of state-run power sector financiers Power Finance Corporation and REC Limited on Saturday decided to move ahead with the proposal to merge the two entities.
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PFC board clears next step for REC merger, seeks govt approval
Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of Indias nod for the transaction. PFC has authorised…
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PFC, REC shares in focus as mega merger process advances. What's next?
Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approved seeking formal approval from the…