Presidential Approval for the proposed merger of REC Limited into PFC
As filed · Power Finance Corporation Limited has informed the Exchange about Presidential Approval for the proposed merger of REC Limited into PFC
M&AWatchMajormateriality 79 out of 100
What happened
FactPower Finance Corporation Limited has informed the Exchange about Presidential Approval for the proposed merger of REC Limited into PFC. Regulations, 2015 regarding Presidential Approval for the proposed merger of REC. of the Board of Directors to reserve the proposal for merger of REC Limited into PFC, for approval of the.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
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- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%