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The Economic Times

Debaroti Adhikary

PFC-REC merger: Which stock should you buy before the mega deal creates Rs 11 lakh cr power financing giant

PFC REC Harshal Dasani Power Finance Corporation India Renewable Energy

While investors await the merger of Power Finance Corporation (PFC) and REC, analysts explained that the combined entity which would be created as a result of the mega restructuring is well-positioned to benefit from the multi-year power-sector capex cycle.

The boards of the two companies on Sunday approved the much-awaited merger scheme between PFC and REC, with the share-swap ratio set at 88 PFC shares for every 100 REC shares held. The mega merger of the two power-sector financiers is set to create India's largest power-sector financing institution, with a combined loan book of more than Rs 11 lakh crore.

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