Searched for
REC MERGER APPROVAL
Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata ConsumerIndian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus...- Power finance cos turn to global markets for cheaper fundsIndian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made f...
- President approves merger of REC with Power Finance CorporationThe President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's acquisition of a majority stake in...
- Mega merger incoming: Should you buy PFC, REC shares ahead of merger? Here's what analysts sayPFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the tr...
- PFC, REC shares in focus as mega merger process advances. What's next?Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approv...
- Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFCMarkets closed lower amid geopolitical tensions, rupee weakness, and rising inflation. Upcoming week will be sensitive to US-Iran conflict ...
- PFC board clears next step for REC merger, seeks govt approvalPower Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s no...
- PFC-REC merger may not be a priority amid war squeezeBoards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fal...
- PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
- PFC shares jump 5% to hit fresh 52-week high, surge 29% in April so far. What's heating up the stock?PFC shares surged over 5% to hit a fresh 52-week high amid expectations of rising power demand due to increasing temperatures. The stock ha...
- Govt explores options to retain 51% stake in merged PFC-REC entityThe government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation...
- REC Ltd approves Rs 1.6 lakh crore market borrowings for FY27REC Ltd's board has approved a significant market borrowing plan. For the fiscal year 2026-27, the company will raise Rs 1.6 lakh crore. Th...
- PFC names consultants for merger with RECPower Finance Corporation has appointed RBSA Advisors and SBI Capital Markets for its planned merger with REC. This move follows the govern...
- PFC-REC merger may take a 'preferential' route to keep government company tagThe government is on the brink of a historic merger between Power Finance Corp and REC, with plans for preferential share allocation to ret...
- Govt to constitute high-level panel on banking soon: FM SitharamanFinance Minister Nirmala Sitharaman said the government will soon set up a High-Level Committee on Banking for Viksit Bharat to prepare a r...
- PFC, REC boards give in-principle nod to merger; detailed plan to followThe boards of Power Finance Corporation and REC have given their in-principle approval for a merger. This move follows an announcement in t...
- PFC-REC merger gets in-principle approvalREC-PFC merger: In Budget 2026, finance minister Nirmala Sitharaman shared a vision for readying NBFCs for Viksit Bharat so that these enti...
- Power Finance acquires 52.63% government stake in REC LimitedPower Finance Corporation has acquired a majority stake in REC Limited. This move consolidates public sector non-banking financial companie...
- Govt considering merger of state-run entities PFC and RECThe government is exploring a merger of Power Finance Corporation and REC Ltd. This move is part of a broader restructuring effort for publ...
- No road map for PFC-REC merger yet: Govt officialsEven a year after Power Finance Corporation acquired REC for Rs 14,500 crore, the government has no road map on the merger of the two state...
Load More
