REC gets NOC from NSE and BSE for merger with Power Finance Corp

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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

+0.0%Reaction day

₹302.35

prior close

₹303.65

announcement price

After-mkt

timing

Nifty Midcap 150market-1.4%+1.4% vs market

Financial Institution peers, median of 7sector-2.1%+2.1% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 2.1 pts more 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

-0.1

10m

+0.2

15m

+0.1

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0-1.4+1.4-2.1+2.1

Next day

-0.4-2.2+1.8-2.6+2.2

-2.8-4.2+1.4-5.5+2.7

-2.0-3.2+1.2-4.4+2.4

-5.2-2.3-2.9-5.1-0.2

-4.1-2.0-2.1-4.9+0.8

-5.5pendingpending-6.5+0.9

15d

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UpDownMarket · Nifty Midcap 150Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

REC Limited received No Objection Letters from BSE and NSE on October 19, 2026, for its proposed merger with Power Finance Corporation. The scheme, approved by both boards in June 2026, is filed under Sections 230-232 of the Companies Act. SEBI gave comments earlier in October. The merger still needs RBI approval, NCLT clearance, and votes from shareholders and creditors. The exchange letters are conditional on RBI nod and valid for 6 months.

Likely market impact

Clearance from NSE and BSE moves the REC-PFC merger closer to NCLT filing. RBI approval and shareholder votes still pending.