PFC gets RBI nod for merger of REC into itself; shareholders approval next

Listed Co AcquisitionNclt Scheme FiledStrategic 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

-2.6%Reaction day

₹342.30

prior close

₹345.20

announcement price

After-mkt

timing

Nifty 100market+0.6%-3.3% vs market

Financial Institution peers, median of 7sector-0.6%-2.0% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty 100 and 2.0 pts less 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

-0.6

10m

-0.6

15m

-0.8

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6+0.6-3.3-0.6-2.0

Next day

-2.9-0.4-2.5-2.1-0.8

-4.1-0.9-3.1-4.3+0.2

-4.5-1.5-3.0-4.1-0.4

-7.7-2.2-5.5-6.4-1.3

-6.9-1.5-5.4-5.8-1.1

-7.6-1.4-6.1-6.4-1.2

15d

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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 Ltd received a No Objection Certificate from RBI on October 15, 2026 for the proposed merger of REC Limited into Power Finance Corporation Limited under sections 230-232 of the Companies Act, 2013. The boards of both companies had approved the scheme on June 28, 2026. The merger still requires approval from shareholders and creditors and other statutory clearances before it can take effect.

Likely market impact

Key regulatory hurdle cleared; merger moves closer to completion. Shareholders of both PFC and REC await next steps including share swap ratio and voting.