NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 ...

Motilal Oswal Financial Services (MOFSL) on Wednesday retained its 'Buy' rating on Power Finance Corporation Ltd and REC Ltd despite a mixed December quarter performance by the two public sector ...

Market experts believe the proposed merger of Power Finance Corporation (PFC) and REC is aimed at building scale in power-sector financing. However, they note that the move alone is unlikely to impact ...

PFC owns 52.63% of REC, after acquiring the government’s stake in March 2019 (Image: Canva) The share price of Power Finance Corporation (PFC) and REC are under pressure in today’s trading session.

India’s biggest power sector lenders are set to combine after Power Finance Corporation’s board on Friday approved an in-principle merger with REC Limited, giving effect to the Union Budget 2026 plan ...

PFC and REC play a key role in the country's energy transition plans and have a cumulative loan book of ₹11 trillion.(Mint) Power Finance Corp. Ltd's board on Friday approved the merger of its ...

Pursuant to Finance Minister Nirmala Sitharaman’s budget announcement, the boards of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) informed the bourses on Friday ...

Power Finance Corporation said on February 6 its board had approved an in-principle merger with Rural Electrification Corporation Ltd. "Pursuant to 'In Principle' approval of Cabinet Committee on ...

Power Finance Corporation on Friday said that its board of directors gave in-principle approval for the merger of the non-banking finance company REC with itself. PFC will continue to remain as a ...

State-owned Power Finance Corporation and REC have set the process in motion for a merger and in separate meetings, their boards accorded in-principle approval for the process, to create a large power ...

LUCKNOW: The announcement of restructuring of Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) made in the Union Budget 2026-27 has triggered concern among power sector ...

The Indian banking sector is heading for a major change with the Finance Minister Nirmala Sitharaman proposing to set up a ‘High Level Committee on Banking for Viksit Bharat’ to enable this sector ...