RBI Gives NoC for Proposed PFC-REC Merger
REC said it received a no-objection certificate from the Reserve Bank of India for its proposed merger with PFC. The companies’ boards approved the merger on June 28, 2026.
State-run REC said on Friday that its has received a No Objection Certificate (NoC) from the Reserve Bank of India (RBI) for its proposed merger with PFC. On June 28, 2026, the respective Boards of Directors of the Transferor Company (REC) and Transferee Company (PFC) approved the merger of the tw…