Power Finance (PFC) — Board Meeting

PFC's Board approved in-principle merger with REC Limited, its newly acquired subsidiary (52.63% government holding transferred to PFC on February 1, 2026). This follows Union Budget 2026-27 announcement restructuring public sector NBFCs for improved efficiency and scale. The merger will maintain PFC's status as a Government Company. Detailed scheme awaits requisite approvals.

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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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