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PFC REC Merger Explained: 100 REC Shares Become 88 PFC Shares | Upstox
📌 PFC and REC are merging: REC shareholders will receive 88 PFC shares for every 100 REC shares (record date awaited). The merged entity will have a ₹11 lakh crore+ loan book, creating one of India's largest lenders, with expected cost synergies and efficiency gains. Both companies have a strong dividend track record, but experts advise ...
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