REC-PFC Merger Ratio: What does the swap ratio mean for investors – Details inside – Markets
REC will be merged into PFC. (Image: ET Now Digital) REC–PFC Merger: Power Finance Corporation and REC Ltd.’s boards approved a merger scheme that will combine the two state-run non-banking financial companies into a single entity. The proposed merger between REC and PFC is structured around a swap ratio of 100 shares of REC for…
