Power Finance (PFC) — Board Meeting

PFC's board clarified that the February 1, 2026 Union Budget announcement proposing restructuring of PFC and REC does not involve merger negotiations at this stage. PFC acquired 52.63% of REC in March 2019, making REC its subsidiary. The government has announced plans to restructure both entities to achieve scale and improve efficiency in Public Sector NBFCs. PFC will convene a board meeting to deliberate on the announcement and decide future action.

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About Power Finance Corporation Limited (PFC)

Financial Services · Finance · Listed on NSE

Market Cap: ₹1,47,102.04 Cr P/E: 5.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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