Power Finance Corporation on Friday said that its board of directors gave in-principle approval for the merger of the non-banking finance company REC with itself. PFC will continue to remain as a ...

REC is already a wholly owned subsidiary of PFC, since PFC had acquired more than 50% of the government’s holding back in 2019. Image: Pixabay The potential merger of Power Finance Corporation Ltd ...

India’s biggest power sector lenders are set to combine after Power Finance Corporation’s board on Friday approved an in-principle merger with REC Limited, giving effect to the Union Budget 2026 plan ...

PFC owns 52.63% of REC, after acquiring the government’s stake in March 2019 (Image: Canva) The share price of Power Finance Corporation (PFC) and REC are under pressure in today’s trading session.

Market experts believe the proposed merger of Power Finance Corporation (PFC) and REC is aimed at building scale in power-sector financing. However, they note that the move alone is unlikely to impact ...

State-owned Power Finance Corporation and REC have set the process in motion for a merger and in separate meetings, their boards accorded in-principle approval for the process, to create a large power ...

A groundbreaking ceremony was held on Wednesday, Jan. 18, 2023, for the expansion and renovation of the Mount Vernon Rec Center, one of Fairfax County’s oldest and most popular rec centers. The ...

Mayor Zohran Mamdani on Monday cut the ribbon on the Shirley Chisholm Recreation Center in East Flatbush, a $141 million project more than a decade in the making. The roughly 74,000-square-foot ...

Feb 6 (Reuters) - India's Power Finance Corporation (PWFC.NS), opens new tab said on Friday its board had approved an in-principle merger with REC (RECM.NS), opens new tab, a move that will create a ...

Power Finance Corporation said on February 6 its board had approved an in-principle merger with Rural Electrification Corporation Ltd. "Pursuant to 'In Principle' approval of Cabinet Committee on ...

Mayor Zohran Mamdani on Monday cut the ribbon on the Shirley Chisholm Recreation Center in East Flatbush, a $141 million project more than a decade in the making. The roughly 74,000-square-foot ...

Recreational Sports & Fitness Day is on February 22nd, and we are planning to celebrate it by having the best recreational sports activities ever. Recreational Sports & Fitness Day was created by ...