merger

PFC, REC boards approve merger, mega financing entity in the making

The respective boards of directors of Power Finance Corporation Ltd (PFC) and REC Ltd (REC) have approved the scheme of merger of REC into PFC. The merger will create a financing entity with a loan book of over Rs.11 Read more

PGCIL changes plan, will now merge 28 wholly-owned subsidiaries

Power Grid Corporation of India Ltd (PGCIL) has changed its earlier plan relating to merging its wholly-owned subsidiaries. The Central PSU will now merge 28 of them, instead of the earlier planned eleven. In a brief stock exchange disclosure, Read more

PFC, REC boards give in-principal approval to proposed merger

The boards of directors of Power Finance Corporation Ltd (PFC) and REC Ltd have independently accorded in-principle approval to the proposed merger of the two entities. The merged entity will continue to remain classified as a “Government Company,” under Read more