Power Finance Corporation board approves proposal for merger with REC Limited
Power Finance Corporation · Finance
Key highlights
- Board meeting held on May 16, 2026, reserved merger proposal of REC into PFC
- CMD authorized to seek President of India’s approval for merger and share exchange ratio determination
- Upon approval, REC’s assets and liabilities will transfer to PFC and REC will be dissolved under Companies Act sections 230-232
Why it's rated notable: The merger is a non-binding proposal still subject to Presidential approval, valuers' share exchange ratio and Board approval, and the filing states no value involved, so it is kept at medium.
Original filing
Board Meeting Outcome for Outcome Of Board Meeting Held On May 16, 2026 - Intimation Pursuant To SEBI (LODR) Regulations, 2015
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Power Finance Corporation
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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.