Intimation regarding Presidential Approval for the proposed merger of REC Limited into Power Finance…
As filed · Intimation regarding Presidential Approval for the proposed merger of REC Limited into Power Finance Corporation Limited.
M&AWatchNotablemateriality 74 out of 100
What happened
FactIntimation regarding Presidential Approval for the proposed merger of REC Limited into Power Finance Corporation Limited. REC Limited I 3tlrl~1 f~ftl.zs. Board of Directors to reserve the proposal for merger of REC into PFC, for approval of.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
Watch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%