REC Limited and Power Finance Corporation Ltd approve merger scheme on June 28, 2026
REC · Finance
Key highlights
- Board of Directors of REC (Transferor) and PFC (Transferee) approved merger under Companies Act 2013 sections 230-232.
- Merger will create entity with loan book over ₹11 lakh crore; share exchange ratio is 88 PFC shares for every 100 REC shares.
- Merger subject to approvals from shareholders, creditors, regulators, and Government of India maintaining majority control.
Why it's rated notable: The Boards of REC and PFC approved a merger scheme subject to shareholder, creditor and regulatory approvals, so it is non-binding, and the filing states no transaction value to size against REC's market value of ₹77,878 crore, leaving it at medium.
Original filing
Press Release Dated June 28, 2026
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
- Fundraise / allotmentNotableREC Limited board approves merger by absorption into Power Finance Corporation Limited
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Potential multibaggers · Q2 FY27
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on management's own guidance
- Strong growth2
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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.