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How is REC merging into PFC, and how large will the combined entity’s loan book be?

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1. How is REC merging into PFC, and how large will the combined entity’s loan book be?

By forming an entirely new holding company; combined loan book under Rs 5 lakh crore

By absorption, with PFC as the surviving entity; combined loan book over Rs 11 lakh crore

REC absorbs PFC, with REC as the surviving entity; combined loan book over Rs 8 lakh crore

Both companies remain separately listed after the merger; no combined loan book figure applies

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