👥 HR & Workplace🇮🇳 India
REC-PFC Merger Gets Presidential Green Light, Nearly Seven Years in the Making
mint - companies·Thursday, 11 June 2026
The President of India has approved the merger of REC Ltd with Power Finance Corporation (PFC). PFC had acquired a majority stake in REC nearly seven years ago. The merger aims to improve efficiency in public sector non-banking financial companies, and REC will be dissolved under the Companies Act.
Why It Matters
This consolidation in India's public sector financing space could affect how power infrastructure projects across the country are funded. Workers and stakeholders at both organisations will feel the impact.
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