GK and monthly revision

PFC-REC merger approved! Here's what will happen to your existing shares after mega merger

The boards of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have approved a merger scheme, establishing a share-swap ratio of 88 PFC shares for every 100 REC shares. This merger is significant as it aims to create the largest power financing institution in India, enhancing financial capabilities in the energy sector. Analysts suggest cautious investment due to potential regulatory hurdles and execution risks, despite the long-term support for the power sector.