REC (RECLTD) — Board Meeting

REC Limited's board granted in-principle approval on February 6, 2026, to merge with Power Finance Corporation Limited, as announced in Union Budget 2026-27. The restructuring aims to achieve scale and improve efficiency in public sector NBFCs. The merged entity will remain a Government Company under the Companies Act, 2013. A detailed merger scheme will be finalized and disclosed after obtaining requisite approvals.

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About REC Limited (RECLTD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹91,070.05 Cr P/E: 5.8

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

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