Power Finance Corporation Limited has informed the Exchange regarding 'Intimation of Board Meeting Pursuant to Regulation 29 of SEBI LODR'.
PFC · price
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Power Finance Corporation Limited has informed the exchanges that a Board meeting is scheduled for May 16, 2026 to further discuss the merger of PFC and REC. The company had previously intimated about this merger in March 2026. The trading window for trading in equity shares and listed debt securities (Tax Free Bonds) has been closed since April 1, 2026, and will continue to remain closed till further orders. All designated persons and their immediate relatives have been advised not to deal in PFC's securities during this period.
The continuation of the trading window closure indicates that the PFC-REC merger discussions are ongoing and potentially progressing, which could be a significant development for shareholders of both entities.