08-February-2026
Corporate News
 
Power Finance Corporation board approves merger with REC
07-Feb-2026

The Power Finance Corporation board of directors has, in principle, approved the merger of the company with Rural Electrification Corporation (REC). The move comes after the Ministry of Finance announced in the Budget 2026 that it would restructure the public sector Non-Banking Finance Corporations (NBFCs). The public sector company said in an exchange filing that it has acquired 52.63 per cent government’s stake in Rural Electrification Corporation.

News Source:- https://www.financialexpress.com/business/industry-power-finance-corporation-board-approves-merger-with-rec-aquires-52-govt-stake-in-rec-4133679/
 
 
 

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