PFC gets NOC from BSE and NSE for merger of REC into PFC

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

PFC · 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

-1.2%Reaction day

₹332.40

prior close

₹331.60

announcement price

After-mkt

timing

Nifty 100market-0.6%-0.6% vs market

Financial Institution peers, median of 7sector-2.1%+0.9% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty 100 and 0.9 pts more than 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

+0.2

10m

+0.3

15m

+0.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.6-0.6-2.1+0.9

Next day

-1.7-1.1-0.6-2.6+1.0

-4.9-1.8-3.1-5.5+0.5

-4.1-1.1-3.0-4.4+0.3

-5.1-0.9-4.2-5.2+0.2

-4.8-1.1-3.8-4.9+0.0

-5.7pendingpending-6.5+0.8

15d

—————

UpDownMarket · Nifty 100Sector · Financial Institution peers, median of 7Pending

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

AI summary

Power Finance Corporation has received No Objection letters from both BSE and NSE on October 19, 2026 for the proposed merger of REC Limited into PFC under the Companies Act 2013. Boards of both companies had approved the scheme on June 28, 2026. PFC must now file the merger scheme with NCLT within 6 months and secure RBI approval before the merger can take effect. Share swap ratio and other details will be disclosed in the notice sent to shareholders.

Likely market impact

Key milestone in the PFC-REC merger. Still needs NCLT filing within 6 months, shareholder and creditor votes, and RBI approval before effective.