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Prez approves REC, Power Fin Corp merger — India Verified

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Business
Prez approves REC, Power Fin Corp merger

Business10 June 2026 at 11:22 pmQuick read

Prez approves REC, Power Fin Corp merger

Credibility score90 / 100

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2sources verified

The President approved the merger of REC Ltd and Power Finance Corporation. The merger aims to enhance efficiency. REC will be dissolved.

AI Credibility Analysis

The score is 90 as it falls under the 90-100 band due to the presence of a specific and authoritative named source, Mint Business, along with specific details about the merger, such as the involvement of the President and the dissolution of REC as per the Companies Act.

Original Sources

The Economic Times
Mint

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Prez approves REC, Power Fin Corp merger

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