PFC board approves merger of REC into PFC with 88:100 share swap

Board & Shareholder Meetings View source PDF

PFC · price

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

Price reaction · full curve 14 horizons · vs prior close

-1.7%1-day move

₹433.40

prior close

₹430.10

base price

After-mkt

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AI summary

PFC board approved merger of REC into PFC by absorption; REC will dissolve. Share swap: 88 PFC shares per 100 REC shares. PFC holds 52.63% of REC already. PFC standalone FY26 turnover 1,02,532 Cr, networth 58,504 Cr; REC standalone turnover 84,290 Cr. Merged loan book over 11 lakh crore. Aims: scale, stronger balance sheet, energy transition financing, key vehicle for government power schemes. Subject to regulatory approvals.

Likely market impact

REC shareholders get 88 PFC shares per 100 REC held; deal creates a larger power sector financier, pending approvals.