REC-PFC Merger Gets RBI NoC; ₹11 Lakh Crore Power Financing Giant Moves Closer
The proposed merger of REC Limited with Power Finance Corporation (PFC) has crossed a key regulatory milestone, with the Reserve Bank of India (RBI) issuing a conditional No Objection Certificate (NoC) for the transaction on October 15. REC disclosed the development in a regulatory filing to the stock exchanges, stating that the NoC was received …
The post REC-PFC Merger Gets RBI NoC; ₹11 Lakh Crore Power Financing Giant Moves Closer appeared first on Indian PSU | Public Sector Undertaking News.
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