The Exchange has sought clarification from REC 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.
RECLTD · price
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Awaiting price reaction for this filing.
The stock exchanges (NSE/BSE) have asked REC Limited to respond to a recent news report that the government is considering merging two state-run power financiers — PFC (Power Finance Corporation) and REC Limited. REC has not yet sent its response, and the stock exchange is waiting for clarification. This is a routine step taken when a listed company's stock price may be moving on unconfirmed news. Until REC confirms or denies the report, the merger remains speculative and unverified.
Short-term: stock may stay volatile until REC issues its clarification. Long-term: if a merger is confirmed, it could mean changes in shareholding structure, management, and valuation — but no decision has been announced yet.