infrastructure financing – newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra Mon, 20 Jul 2026 07:31:16 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 https://newsmantra.in/wp-content/uploads/2019/05/cropped-newmantra-logo-32x32.png infrastructure financing – newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra https://newsmantra.in 32 32 PFC Marks Its 41st Foundation Day https://newsmantra.in/pfc-41st-foundation-day-celebration/ Mon, 20 Jul 2026 07:31:16 +0000 https://newsmantra.in/?p=83129 NEW DELHI. PFC celebrated its 41st Foundation Day on 16th July 2026, honoring over four decades of powering India’s infrastructure. CMD Smt. Parminder Chopra delivered the inaugural address. The event was attended by Director (Govt. Nominee) Shri Shashank Misra, Director (Finance) Shri Rajesh Kumar Agarwal, Director (Commercial) Shri V. Packirisamy, CVO Shri Rajesh Kumar Singh, and Independent Director Shri Pankaj Gupta.

The occasion highlighted PFC’s journey of sustained growth and its continued commitment to nation-building. PFC expresses its sincere appreciation to its employees, stakeholders, partners, and all those who have contributed to making it the country’s largest NBFC group.

]]> PFC and REC Boards Approve Merger Scheme to Create Rs 11 Lakh Crore Lending Giant https://newsmantra.in/pfc-rec-merger-approved-rs-11-lakh-crore-lending-giant/ Tue, 30 Jun 2026 06:13:04 +0000 https://newsmantra.in/?p=82239 NEW DELHI. The Boards of Directors of Power Finance Corporation Limited (PFC) and REC Limited (REC) have approved a Scheme of Merger under the Companies Act, 2013, for the amalgamation of REC into PFC, subject to the approval of shareholders, creditors, regulatory and government authorities, and the condition that the merged entity continues to qualify as a Government Company with the Government of India retaining majority control. The proposed merger will create one of the country’s largest infrastructure financing institutions with a combined loan book exceeding Rs 11 lakh crore. As per the approved valuation report, REC shareholders will receive 88 fully paid equity shares of PFC of Rs 10 each for every 100 fully paid equity shares of REC of Rs 10 each held on the record date, which will be announced by the Boards of the two companies at a later stage.

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