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PFC board gives its nod for merger with REC
Financial Express Mumbai
|February 07, 2026
POWER FINANCE CORPORATION (PFC) and REC are set to merge, with PFC’s board granting its approval for an in-principle merger on Friday.
The move comes just days after the Union Budget proposed restructuring of the two public sector non-banking financial companies (NBFCs).
PFC had acquired the government’s controlling stake of 52.63% in REC in 2019, formally bringing the rural electrification lender under PFC’s fold.
In a regulatory filing on Friday, PFC said its board took note of the government’s Budget proposal to restructure the two state-run NBFCs to achieve scale, improve efficiency and support higher credit disbursement across the power sector.
Cette histoire est tirée de l'édition February 07, 2026 de Financial Express Mumbai.
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