REC Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2026 ,inter alia, to consider and approve to further consider and discuss matter ....
RECLTD · price
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REC Limited has informed exchanges that its Board of Directors meeting is scheduled for Saturday, May 16, 2026. The primary agenda is to further consider and discuss the proposed merger of REC with Power Finance Corporation Limited (PFC), in line with the company's Articles of Association. This is a follow-up discussion on a potential consolidation of two major government-owned NBFCs operating in the power sector. Additionally, the company has closed its trading window effective May 14, 2026, prohibiting Designated Persons and their immediate relatives from trading in REC's equity shares and other listed securities until further notice, in compliance with SEBI's code of conduct regulations.
The merger talks between two major Maharatna PSUs (REC and PFC) signal a potential blockbuster consolidation in India's power finance space. If approved, it could create one of the largest NBFCs in the country, significantly impacting REC's standalone valuation and shareholding structure. Shareholders should watch the outcome closely.