Power Finance Corporation Ltd to Hold Board Meeting to Approve Merger with REC Limited
Power Finance Corporation Limited has scheduled a meeting of its Board of Directors to consider and approve the scheme of merger involving the company and REC Limited. The board meeting is set for Sunday, June 28, 2026.The primary focus of the proposed meeting is to review and authorize the scheme of merger between Power Finance Corporation Limited and REC Limited. This approval process will also encompass their respective shareholders and creditors.
In adherence to corporate practices concerning the Fair Disclosure of Unpublished Price Sensitive Information, the trading window for Equity Shares and Listed Debt Securities (including Tax Free Bonds) of Power Finance Corporation Limited was closed. The closure period began on April 1, 2026, and remains in effect until further orders are given.
During this specified period when the trading window was closed, all designated persons and their immediate relatives were advised against engaging in any transactions involving PFC's Equity Shares or Securities, including selling or pledging the securities.
PFC Stock Price Movement
Power Finance Corporation Limited shares shed 2.14% in trading, settling today at ₹430.90. The stock completed the day's session with a volume of 6.12 million shares traded.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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