REC Limited receives presidential approval for merger into Power Finance Corporation
REC · Finance
Key highlights
- Board of Directors had reserved proposal for merger of REC into PFC for presidential approval.
- Ministry of Power conveyed approval of the Competent Authority on June 10, 2026.
- Intimation made to National Stock Exchange and BSE as per SEBI Listing Regulations compliance.
Why it's rated notable: The filing reports Competent Authority approval for the merger of REC into PFC but states no value involved, so the level is kept at medium on the merger-as-acquisition scale.
Original filing
Intimation Regarding Presidential Approval For The Proposed Merger Of REC Limited Into Power Finance Corporation Limited.
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 acquisition / merger filings this fortnight
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Potential multibaggers · Q2 FY27
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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.