GK and monthly revision

PFC, REC shares in focus after boards approve merger

The boards of Power Finance Corporation (PFC) and REC Limited have approved an in-principle merger, as proposed in the Union Budget. This move aims to achieve scale, improve efficiency, and enhance credit flow to India's power and infrastructure sectors. Both companies have delivered significant multibagger returns over the past three years, making this a significant development for the power and infrastructure sectors in India.