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The Economic Times

Economy / The Economic Times

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PFC-REC merger may not be a priority amid war squeeze

Boards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fall below 51 percent. This could require a substantial capital infusion of around 25,000 crore rupees. Analysts question the feasibility of this. The merger is targeted for April 1, 2027. Discussions continue on the final structure.

16 May 2026 1:16 am