Announced Wed, 10 Jun, 2026 · 19:13 IST
PFC gets Presidential approval for merger with REC Limited
PFC · price
▲ 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
-2.2%1-day move
₹430.55
prior close
₹429.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.5-2.4-3.0-2.2-1.4-0.7+0.4-0.1+2.4-1.4-5.7-11.6-17.9
Up moveDown movePending
AI summary
PFC has received approval from the President of India for its proposed merger with REC Limited. The Ministry of Power conveyed this approval via a letter dated June 10, 2026. This follows PFC Board decision on May 16, 2026 to refer the merger proposal for Presidential approval. Both PFC and REC are government-owned power sector NBFCs. The merger now awaits further regulatory steps including likely NCLT clearance and a share swap ratio announcement.
Likely market impact
Positive for shareholders as merger moves closer to completion, likely creating a larger combined power sector lender. Share swap ratio and NCLT approval still pending.