REC Limited receives RBI's No Objection Certificate for merger with PFC
REC Limited received a No Objection Certificate from the RBI on October 15, 2026, for its proposed merger with Power Finance Corporation Limited. This follows the board's approval of the scheme on June 28, 2026. Further regulatory and shareholder approvals are pending.
The merger of REC Limited with Power Finance Corporation Limited is a major corporate action that will significantly impact the financial services sector and the companies involved.
The receipt of a No Objection Certificate from the RBI is a significant positive step towards the completion of the proposed merger, indicating progress in regulatory approvals.
REC Limited has announced the receipt of a No Objection Certificate from the Reserve Bank of India (RBI) concerning the proposed merger scheme with Power Finance Corporation Limited (PFC).
This development follows the decision by the respective Boards of Directors of REC Limited (Transferor Company) and PFC (Transferee Company) to approve the merger scheme, which was initially communicated on June 28, 2026. The approval was contingent upon obtaining necessary regulatory and other clearances.
The No Objection Certificate from the RBI, received on October 15, 2026, is subject to specific instructions and conditions stipulated by the central bank. The merger scheme remains subject to other statutory and regulatory approvals, as well as the fulfillment of conditions for its effectiveness. This includes obtaining approvals from the respective shareholders and creditors of both REC Limited and PFC, in accordance with applicable laws and the terms of the scheme.
What to do with a filing like this
REC Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by REC Limited. Read the original for the full detail.