REC (RECLTD) — Board Meeting

REC Limited announced the board approved a merger with Power Finance Corporation (PFC) effective June 28, 2026, where each 100 REC shares will be exchanged for 88 PFC shares, and plans to raise up to ₹40,000 crores via private placement of bonds subject to shareholder approval at the upcoming AGM.

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About REC Limited (RECLTD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹82,762.23 Cr P/E: 5.2 ROE: 19.0% ROCE: 9.4% Div Yield: 5.90%

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🔥 Also filed on 28 June 2026

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

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