The Exchange has sought clarification from Power Finance Corporation Limited with respect to recent news item captioned Govt considering merger of state-run entities PFC and REC. The response from the Company is attached.
PFC · price
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Awaiting price reaction for this filing.
NSE has asked Power Finance Corporation (PFC) to clarify recent media reports suggesting that the government is considering a merger of state-run entities PFC and REC. PFC has submitted its response to the exchange, which is attached with the filing. The filing does not itself announce any merger; it is only an exchange-mandated clarification on speculative news. The actual response from the company would need to be reviewed to understand PFC's official stance on the matter.
This is a procedural clarification, not a confirmed corporate action. Shareholders should watch for PFC's actual response to know whether a merger is being pursued, denied, or merely under consideration. Speculative merger news can cause sharp short-term stock moves in both PFC and REC, so clarity from the company is important.