PFC, REC Boards Clear Merger Plan; Combined Loan Book to Top ₹11 Lakh Crore
The boards of Power Finance Corporation (PFC) and REC Limited have sanctioned their merger scheme. This approval, under Sections 230 to 232 of the Companies Act, 2013, is projected to create an entity with an aggregate loan book surpassing ₹11 lakh crore.
Source: The Hindu - Business
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