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 awaited.
PFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The stock exchange (NSE) has asked Power Finance Corporation (PFC) to clarify a recent media report about the government considering a merger of two state-run entities, PFC and REC. PFC has not yet responded, and its reply is awaited. No official decision, scheme, or timeline has been announced by the company or the government. The filing is a standard exchange procedure triggered whenever a news article could impact the stock price.
Shares of PFC and REC may remain volatile until the company issues an official response clarifying its stance. Investors should wait for a concrete announcement rather than acting on unconfirmed media reports.