Power Finance Corporation Limited (PFC) — Board Meeting Announcement
📢 Key Event
PFC received Presidential approval for REC merger
🔄 What Changed
Presidential approval of merger
💡 Investor Takeaway
The merger could boost PFC's scale and stock performance by adding REC's assets.
Power Finance Corporation announced that the Ministry of Power conveyed the Hon'ble President of India's approval for the merger of REC Limited into PFC, following the Board's May 16, 2026 resolution to pursue the merger. This regulatory clearance completes a key step in the integration process, positioning PFC to expand its generation capacity and market share through REC's assets.
📄 View Original Announcement (PDF)
About Power Finance Corporation Limited (PFC)
Financial Services · Finance · Listed on NSE
Market Cap: ₹1,47,102.04 Cr
P/E: 5.0
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.