REC, PFC Boards Give In-Principle Nod for Merger; Merged Entity to Remain Government Company
Feb 7th, 2026 | By ThenewsmanofIndia.com
The Boards of Directors of REC Limited and Power Finance Corporation Limited (PFC) have accorded in-principle approval to proceed with a proposed merger of the two public sector non-banking financial companies (NBFCs), in line with the announcement made in the Union Budget 2026–27 to enhance scale and efficiency in the sector. In her Budget speech,
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