Acquisition / mergerNotableFiled on BSE ·
REC Limited gets NSE and BSE No Objection Letters for merger with Power Finance Corp
REC Ltd · Finance
What the filing says
- NSE and BSE issued No Objection Letters for the proposed merger scheme on October 19, 2026
- Merger between REC Limited (Transferor) and Power Finance Corporation Limited (Transferee) under Sections 230-232 of Companies Act, 2013
- Scheme approval is subject to regulatory approvals including RBI, fulfillment of scheme conditions, and shareholder/creditor approvals
Why it's rated notable: merger demerger is always high
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Waaree Energies Ltd
Electrical Equipment
Revenue growth 40%+Margin up 2%+
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More from REC Ltd
- Acquisition / mergerNotableREC Limited receives RBI No Objection Certificate for merger with Power Finance Corporation
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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.