REC Share Price Today Slips as Power Company Announces Board Meeting to Review Maharatna PSU Merger on June 28

REC-PFC Merger Updates: REC Limited shares remained in focus after the state-run power sector financier announced that its board will meet on June 28, 2026, to consider a proposed merger scheme with Power Finance Corporation (PFC). The development is significant because both companies play a crucial role in financing India's power and infrastructure sectors, and a merger could reshape the landscape of public-sector lending.

REC Board To Consider Merger Scheme With Power Finance Corporation (PFC)

In a regulatory filing, REC informed stock exchanges that its board will consider and approve a proposed merger scheme involving Power Finance Corporation under Sections 230 to 232 of the Companies Act, 2013. These provisions govern corporate arrangements, amalgamations and mergers.

The proposal remains at a preliminary stage and would require multiple approvals before becoming effective. Depending on the final structure, the scheme may need clearance from regulators, stock exchanges, shareholders, creditors and the National Company Law Tribunal (NCLT).

REC also stated that the trading window for dealing in its securities, which has remained closed since May 14, 2026, will continue to remain shut until further notice.

The proposed transaction is particularly noteworthy because PFC already serves as the promoter of REC after acquiring the Government of India's stake in the company in 2019. Both institutions operate in similar segments, providing financing to power generation, transmission, distribution and infrastructure projects across the country.

REC Share Price Today on NSE

REC Ltd shares were trading at Rs 362.20 on the NSE at around 10:04 AM on June 25, down 0.40% or Rs 1.45 from the previous close. The stock opened at Rs 366.10 and touched an intraday high of Rs 366.60 before slipping to a low of Rs 362.10 during the session.

PFC Share Price Today on NSE

Power Finance Corporation shares were trading at Rs 437.35 on the NSE at around 10:05 AM on June 25, up marginally by 0.057% or Rs 0.25. The stock opened at Rs 440.00, climbed to an intraday high of Rs 442.75 and later declined to a low of Rs 436.70 amid market activity.

What A REC-PFC Merger Could Mean For Shareholders

If approved, the merger would create one of India's largest specialised power-sector financing institutions, potentially strengthening its ability to fund large-scale energy, transmission and renewable infrastructure projects.

For investors, one of the most closely watched aspects of the transaction will be the share swap ratio. This determines how many shares shareholders of REC will receive in the merged entity and is typically based on independent valuations, financial performance and other key metrics.

Analysts believe a combined entity could benefit from reduced overlap in operations, stronger funding capabilities and improved efficiencies. However, investor sentiment will ultimately depend on whether the merger enhances earnings growth, profitability and shareholder returns over the long term.

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