PFC, REC Boards Clear Merger to Create Entity with ₹11 Trillion Loan Book

REC shareholders will receive 88 PFC shares for every 100 REC shares

June 29, 2026

/ Rakesh Ranjan
/ Markets & Policy, Renewable Energy
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The boards of directors of the Power Finance Corporation (PFC) and REC Limited have approved the scheme of merger of the two public sector non-banking financial companies that lend to power and infrastructure projects.

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Rakesh Ranjan

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