RBI no objection for RECs proposed merger with Power Finance Corporation

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

RECLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹309.75

prior close

₹311.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.1%-0.5% vs market

Financial Institution peers, median of 7sector-0.6%-0.0% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and in line with its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.5

15m

-0.7

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-0.1-0.5-0.6-0.0

Next day

-2.4-1.2-1.2-2.1-0.3

-2.3-2.6+0.2-4.3+1.9

-2.8-3.3+0.6-4.5+1.7

-5.1-5.3+0.2-7.4+2.3

-4.3-4.3+0.0-5.9+1.6

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15d

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UpDownMarket · Nifty Midcap 150Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

REC Limited has received a No Objection Certificate from the RBI on October 15, 2026, for its proposed merger with Power Finance Corporation. The boards of both companies had approved the scheme on June 28, 2026. The merger is still subject to approval from shareholders and creditors and other regulatory clearances before it can take effect. Both REC and PFC are listed state-owned lenders focused on the power sector.

Likely market impact

Key regulatory milestone cleared, reducing execution risk. Shareholders and creditors still need to vote. Deal creates a much larger state-owned power lender.