Merger of REC and PFC
Summary by AI BETAClose X
|
A MAHARATNA COMPANY |
REC Limited | आर ई सी लिमिटेड (भारत सरकार का उद्यम) / (A Government of India Enterprise) Regd. Office: Core - 4, SCOPE Complex, 7, Lodi Road, New Delhi - 110 003. Corporate Office: REC World Headquarters, Plot No. I-4, Near IFFCO Chowk Metro Station, Sector-29, Gurugram-122001 (Haryana) Website: www.recindia.nic.in |
Date: June 15, 2026
Subject: Restructuring of Power Finance Corporation Limited ("PFC") and REC
This is in continuation to announcement dated February 6, 2026 regarding restructuring of Power Finance Corporation Limited ("PFC") and REC to achieve scale and improve efficiency in public sector NBFCs, wherein the Board of REC accorded its in-principle approval to proceed with restructuring in the form of a merger of REC and PFC and to formulate a detailed merger proposal in accordance with applicable laws and regulations, ensuring that the merged entity continues to remain as a "Government Company" under the Companies Act, 2013 and other applicable laws.
In this regard, the link to the outcome of the board meetings/ intimations/ disclosures disseminated on stock exchange are listed below:
|
Sr.No. |
Link Subject |
Date |
Link |
|
1 |
Outcome of Board Meeting |
February 6, 2026 |
https://recindia.nic.in/uploads/files/co-cs-SignedOutcomeofBoardMeeting060226.pdf |
|
2 |
Outcome of Board Meeting |
February 12, 2026 |
|
|
3 |
Outcome of Board Meeting |
May 16, 2026 |
https://recindia.nic.in/uploads/files/co-cs-SignedOutcomeofBOD160526.pdf |
|
4 |
Intimation |
June 10,2026 |
https://recindia.nic.in/uploads/files/co-cs-SignedIntimationPresidentialConsent-dt-100626.pdf |
Further, the future outcomes of the board meetings/ intimations/ disclosures in this regard would be available at the below link:
|
Sr.No. |
Link |
|
1 |
REC Website Current Updates |
|
2 |
BSE Announcement page Rec Limited Live Stock Price, Recltd Live Share Price, 132955 | BSE |
|
3 |
NSE Announcement page REC Limited Share Price Today, Stock Price, Live NSE News, Quotes, Tips - NSE India |
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