PFC-REC merger: Which stock should you buy before the mega demerger creates Rs 11 lakh cr power financing giant

Boards of PFC and REC approved their long-pending merger with a share-swap ratio of 88 PFC shares for every 100 REC shares held. The combined entity will form India's largest power-sector financing institution with a loan book exceeding Rs 11 lakh crore. The scheme is now subject to shareholder, SEBI, NCLT and other statutory approvals before becoming effective, with the record date yet to be fixed.