PFC receives NSE, BSE no-objection letters for proposed merger with REC
Power Finance Corporation Ltd · Finance
What the filing says
- PFC received No Objection letters from BSE Limited and NSE on October 19, 2026 for the scheme merging REC Limited into Power Finance Corporation under sections 230-232.
- The scheme remains subject to other statutory and regulatory approvals and to approval of the shareholders and creditors of the companies involved.
- NSE's letter is conditional on RBI approval and settlement of dues by the listed entities, and is valid six months from October 19, 2026 for submission to NCLT.
Why it's rated notable: merger demerger is always high
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.