Power Finance Corporation Ltd announces Presidential approval for REC merger
Power Finance Corporation · Finance
Key highlights
- Board of Directors approved proposal for merger of REC Limited into PFC on May 16, 2026
- Ministry of Power conveyed Hon'ble President of India’s approval on June 10, 2026
- Intimation submitted to National Stock Exchange and BSE for disclosure compliance
Why it's rated notable: The filing confirms Presidential approval for the merger of REC Limited into PFC but states no value involved, so the level stays at medium.
Original filing
Intimation Regarding Presidential Approval For The Proposed Merger Of REC Limited Into PFC
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Power Finance Corporation
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- Dividend / buyback / bonusMajor developmentPFC board approves ₹1,60,000 crore FY2026-27 borrowing plan, ₹3.25 interim dividend
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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.