Net profit for Q1 FY27 reached ₹4,149.46 crore (standalone) and ₹4,192.76 crore (consolidated), with strong margins and improved debt-equity ratios. The Board approved a merger with PFC, declared an interim dividend, and reported full utilization of funds raised, with no defaults or material deviat…
** Shares of Power Finance Corporation NSE:PFC fall 1.8% to 424.85 rupees** Boards of PWFC and REC NSE:RECLTD approved merger of REC into PWFC** PWFC to issue 88 shares for every 100 shares held in RECM** Co said merger shall create a financing entity with an aggregate loan book of over 11 trln rup…
PFC and REC shares traded lower in early deals on Monday after the state-run lenders approved their long-awaited merger scheme to create a power sector financing giant with a combined loan book of over Rs 11 lakh crore. PFC shares were down 1.83% at Rs 424.75, while REC declined 0.32% to Rs 363.50…
The boards of state-run entities REC Ltd. and Power Finance Corporation Ltd. (PFC), have approved the scheme of merger on Sunday, June 28, 2026, both companies stated in their respective exchange filings.This merger will result in the combined entity having an aggregate loan book of over ₹11 lakh c…
