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The Economic Times

Economy / The Economic Times

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President approves merger of REC with Power Finance Corporation

The President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's acquisition of a majority stake in REC in 2019. The Ministry of Power conveyed the approval. The merger will see REC's assets and liabilities transferred to PFC. REC will be dissolved post-merger.

10 Jun 2026 10:51 pm