Power Finance Corporation approves merger scheme with REC Limited
Power Finance Corporation · Finance
Key highlights
- Board approved merger by absorption of REC into PFC on June 28, 2026
- Scheme provides issuance of 88 PFC shares for every 100 REC shares held
- Merger subject to regulatory approvals and dissolution of REC without winding up
Why it's rated notable: The filing gives no value for the merger, so the level stays at medium, and the scheme is non-binding because it remains subject to regulatory and other approvals.
Original filing
Board Meeting Outcome for Outcome Of Board Meeting Held On June 28, 2026
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Power Finance Corporation
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- Acquisition / mergerNotablePower Finance Corporation board approves proposal for merger with REC Limited
- Dividend / buyback / bonusMajor developmentPFC board approves ₹1,60,000 crore FY2026-27 borrowing plan, ₹3.25 interim dividend
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Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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.