REC had close to 12 lakh small retail shareholders at the end of the March quarter as per the BSE shareholding. These shareholders will be entitled to receive 88 shares of PFC for every 100 shares they own as on the record date, which is yet to be fixed. Even after the merger process is completed, the combined REC-PFC entity will continue to operate as a state-run entity, with the government continuing to hold majority of the voting rights and the controlling stake as well. By Hormaz Fatakia The boar... [2450 chars]
ADVERTISEMENT
ADVERTISEMENT
2026 Copyright © News-Matic.com. All Rights Reserved
