Ministry of Power Approves Merger of REC Limited into PFC
REC Limited has received approval from the Competent Authority regarding its proposal to merge with Power Finance Corporation Limited (PFC). The approval was conveyed by the Ministry of Power via a letter dated June 10, 2026.The merger pertains to the proposed integration of REC Limited into Power Finance Corporation Limited. This follows REC's earlier intimation concerning the decision by its Board of Directors to reserve the merger proposal for the approval of the President of India.
RECLTD Stock Price Movement
REC Limited shares slipped today, settling at ₹348.80 after closing down by 1.04%. The stock was traded across its daily range and saw a total volume of 4.34 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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