PFC-REC merger approved: What happens to REC shares, swap ratio and shareholders now?

Power Finance Corporation and REC Ltd have approved their merger, creating a formidable power sector financing entity with over Rs 11 lakh crore in loans. REC shareholders will receive 88 PFC shares for every 100 REC shares held. This consolidation aims to bolster the balance sheet, enhance operational efficiency, and support India's energy transition and infrastructure development, pending regulatory approvals.

By TOI BUSINESS DESK