PFC and REC boards approve merger, creating a financing entity with a loan book exceeding ₹11 lakh crore.

Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap…

PFC and REC approve merger scheme to create a ₹11 lakh crore power financing entity, subject to regulatory and shareholder approvals.