Board approves in-principle merger of REC with PFC

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RECLTD · 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

-3.6%Reaction day

₹372.60

prior close

₹374.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.7%-4.3% vs market

Financial Institution peers, median of 7sector+1.3%-4.9% vs sector

On the reaction day the stock moved 4.3 pts less than Nifty 100 and 4.9 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

-0.5

10m

-1.0

15m

-1.6

30m

-2.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6+0.7-4.3+1.3-4.9

Next day

-4.5+1.0-5.5+0.8-5.3

-4.9+1.1-6.0+0.9-5.8

-5.9+0.6-6.5+0.4-6.3

-7.1-0.8-6.4-0.6-6.5

-5.0+0.1-5.0+0.0-5.0

-2.3+0.7-3.0+0.7-3.0

15d

-8.8-2.8-6.0-5.3-3.5

-12.6-6.1-6.5-9.1-3.5

-7.0-6.9-0.1-4.5-2.6

-5.6-5.8+0.2+4.7-10.3

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

REC Limited's Board has given in-principle approval to merge with Power Finance Corporation (PFC), following the Finance Minister's announcement in Union Budget 2026-27. The merger aims to achieve scale and improve efficiency in public sector NBFCs. The merged entity will continue as a Government Company under the Companies Act, 2013. Detailed merger scheme will be shared after requisite regulatory approvals.

Likely market impact

Major restructuring event. Could reshape shareholding and stock dynamics; merger swap ratio and scheme details awaited.