Power Finance Corporation board moves REC merger proposal for Presidential approval – CNBC TV18
Shares of Power Finance Corporation ended at ₹444.00, down 1.63% or ₹7.35 on the BSE, while shares of REC Ltd ended at ₹345.70, down 0.72% or ₹2.50 on the BSE.State-run non-bank lender Power Finance Corporation Ltd on Saturday (May 16) said its board has reserved the proposal for the merger of state-owned Rural Electrification Corporation Ltd (REC) into the company…
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