merger

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