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Stocks to watch: HDFC Bank, Torrent Power, IIFL Finance among shares in focus today; check list here
Stock market today: On Thursday, the Sensex advanced 109.25 points, or 0.14%, to close at 77,100.47, while the Nifty 50 gained 34.35 points, or 0.14%, to settle at 24,056.00
REC, PFC boards approve merger scheme; Check swap ratio and other details
Even after the merger process is completed, the combined REC-PFC entity will continue to operate as a state-run entity, with the government continuing to hold majority of the voting rights and the controlling stake as well.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
PFC, REC Likely To Enter NBFC Upper Layer Under RBI Framework, PNB Housing May Exit: Brokerages
Morgan Stanley and Jefferies believe RBI norms will have a 'manageable impact' on NBFCs
REC-PFC Merger: Board Meeting Scheduled; What Does It Mean for Investors? By Trade Brains - Investing.com India
REC-PFC Merger: Board Meeting Scheduled; What Does It Mean for Investors? By Trade BrainsInvesting.com India
Triveni Turbine Ltd leads losers in 'A' group
GE Vernova T&D India Ltd, Indian Railway Finance Corporation Ltd, TD Power Systems Ltd and Lumax Auto Technologies Ltd are among the other losers in the BSE's 'A' group today, 24 June 2026.
Stocks to Watch today: IRFC, Yes Bank, Ola, NLC India, Bajaj Auto, Infosys
Stocks to Watch today: IRFC, Yes Bank, Ola Electric, Bajaj Auto, Infosys, Tech Mahindra, City Union Bank, Rajesh Exports, PFC, Honasa Consumer are among other stocks that will be in focus today.
Stocks to buy for short term: PFC, Delhivery among 6 stocks experts recommend for next 1-2 weeks - Mint
Stocks to buy for short term: PFC, Delhivery among 6 stocks experts recommend for next 1-2 weeksMint
Resonia wins Telangana transmission project to boost renewable energy connectivity
Resonia, formerly Sterlite Power's transmission arm, has secured a significant project in Telangana from Power Finance Corporation. This initiative aims to bolster power transmission links between Andhra Pradesh and Telangana, improving grid flexibility and facilitating the integration of renewable energy from the Kurnool REZ. The project involves establishing a new substation and enhancing existing infrastructure to support this crucial connectivity.