Shares of IRCON rallied 12% and RVNL jumped 7% on Friday after reports claiming that the Ministry of Railways has moved a formal proposal to merge the two PSU companies surfaced, boosting investor ...
PFC and REC have approved their proposed merger, creating a government-backed financing giant with a combined loan book ...
Shares of REC Ltd and Power Finance Corporation (PFC) came into focus on Thursday, June 11, after the President of India approved the proposed merger of REC into PFC, marking a major consolidation ...