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Merger of REC with Power Finance Corporation gets Presidential approval | Collector
Merger of REC with Power Finance Corporation gets Presidential approval
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Merger of REC with Power Finance Corporation gets Presidential approval

REC Ltd will merge with Power Finance Corporation after the President's approval, nearly seven years post-PFC's acquisition of a majority stake. This merger aims to enhance efficiency in Public Sector NBFCs and will dissolve REC as per the Companies Act.

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