REC Limited board approves merger by absorption into Power Finance Corporation Limited
REC · Finance
Key highlights
- Board approved on June 28, 2026 the scheme of merger by absorption of REC into PFC on a going concern basis, subject to approvals.
- Share exchange ratio: 88 PFC equity shares of INR 10 each for every 100 REC shares of INR 10 each; no cash consideration.
- FY 2025-26 standalone net worth: REC ₹84,290 crore, PFC ₹1,02,532 crore; turnover: REC ₹59,140 crore, PFC ₹58,504 crore.
Why it's rated notable: not yet binding (letter of intent, proposal or subject to approvals)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Board Meeting Outcome for Outcome Of Board Meeting
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from REC
- Acquisition / mergerMajor development· Adverse for the businessREC Limited files unaudited financial results for Q2 and half year ended Sept 30, 2026
- Acquisition / mergerMajor development· Adverse for the businessREC Limited Q2 FY27 results declared; 2nd interim dividend of ₹3.50 per share
- Acquisition / mergerNotableREC Limited gets NSE and BSE No Objection Letters for merger with Power Finance Corp
- Acquisition / mergerNotableREC Limited receives RBI No Objection Certificate for merger with Power Finance Corporation
- Acquisition / mergerNotableREC Limited and Power Finance Corporation Ltd approve merger scheme on June 28, 2026
Other fundraise / allotment filings this fortnight
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
- Chaman Metallics Limited announces H1 FY27 financial results and proposed Rights Issue
- Harmony Capital Services receives BSE approval for preferential issue of shares
- Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10
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.