PFC-REC merger approved: What happens to REC shares, swap ratio and shareholders now?
Power Finance Corporation (PFC) and REC Ltd on Monday approved their proposed merger. Under the approved scheme, REC shareholders will receive 88 equity shares of PFC for every 100 equity shares of REC held. The boards of state-run Power Finance Corporation (PFC) and REC Ltd on Monday approved their proposed merger, paving the way for … Read more