Byjus 1

Byjus  2

| **Key Aspect**                     | **Details**                                                                                   |
|------------------------------------|-----------------------------------------------------------------------------------------------|
| **Event**                          | **No-Objection Certificate (NOC)** issued by **Reserve Bank of India (RBI)** for **REC-PFC merger**. |
| **Merger Proposal**                | **REC Limited** to merge into **Power Finance Corporation Limited (PFC)** under **Section 230-232 of the Companies Act, 2013**. |
| **Entities Involved**              | **REC Limited** and **Power Finance Corporation Limited (PFC)**                               |
| **Nature of Entities**             | Both are **government-owned financial organizations** involved in financing power sector projects. |

Key Aspect	Details
Event	No-Objection Certificate (NOC) issued by Reserve Bank of India (RBI) for REC-PFC merger.
Merger Proposal	REC Limited to merge into Power Finance Corporation Limited (PFC) under Section 230-232 of the Companies Act, 2013.
Entities Involved	REC Limited and Power Finance Corporation Limited (PFC)
Nature of Entities	Both are government-owned financial organizations involved in financing power sector projects.

CategoriesSee All

Categories