https://www.taxtmi.com/news?id=73579 Board approval was given to a Scheme of Merger of REC into PFC under the Companies Act, 2013, subject to approvals from shareholders, creditors, and regulatory and governmental authorities. The Scheme is also conditional on the merged entity continuing as a Government Company and on the Government of India retaining majority voting rights and control. The valuation-based share exchange ratio provides for 88 equity shares of PFC for every 100 equity shares of REC. en-us Mon, 29 Jun 2026 16:46:03 +0530 Mon, 29 Jun 2026 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73579 Board approval was given to a Scheme of Merger of REC into PFC under the Companies Act, 2013, subject to approvals from shareholders, creditors, and regulatory and governmental authorities. The Scheme is also conditional on the merged entity continuing as a Government Company and on the Government of India retaining majority voting rights and control. The valuation-based share exchange ratio provides for 88 equity shares of PFC for every 100 equity shares of REC. News - Mon, 29 Jun 2026 16:46:03 +0530 https://www.taxtmi.com/news?id=73579