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REC has filed a merger-related document with the National Stock Exchange of India and BSE. The filing includes details about the corporate relationship departments of both exchanges. The document is signed digitally by Dinesh Garg.

Power Finance Corporation's Board of Directors approved a scheme of merger by absorption with REC Limited, which will result in the dissolution of REC without winding up. Eligible shareholders of REC will receive 88 equity shares of PFC for every 100 equity shares of REC, subject to necessary regulatory approvals. The merger will take effect from the appointed date as defined in the scheme.