Motilal Oswal stays bullish on PFC and REC, flagging up to 21% upside as Budget 2026’s NBFC restructuring revives merger ...

As per the Companies Act, a government company is defined as one in which at least 51% of the paid-up share capital is held by the Central government. Currently, the Centre directly holds 55.99% in ...

Dividend Alert: Maharatna Public Sector Undertaking (PSU), Power Finance Corporation (PFC), shares will remain in focus next ...

Currently, Power Finance Corporation acts as the promoter of REC Ltd. with a 52.63% stake. Both these stocks were ...

The boards of the two state-owned lenders on February 6 approved the merger in principle, following the Union Budget ...

The board of PFC and REC accorded its in-principle approval for restructuring in the form of a merger of the two firms. The merged entity will continue to remain as a "government company". The ...

In Budget 2026, FM Sitharaman proposed to restructure Power Finance Corporation and Rural Electrification Corporation ...

The Union Budget proposes restructuring of state-owned NBFCs PFC and REC to improve scale and efficiency, but the government ...

The scrip of Power Finance Corporation (PFC) climbed 5.90% to ₹401.75 apiece, while REC advanced 4.3% to ₹380 on the BSE ...

Experts say consolidation could allow the government to create a larger, more diversified lender capable of supporting ...

Power Finance Corporation Ltd has acquired 52.63% of REC Limited's shares, making it a subsidiary. This move aligns with the ...

Feb 6 (Reuters) - India's Power Finance Corporation said on Friday its board had approved an in-principle merger with REC, a ...