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REC Ltd rises for third straight session
REC Ltd is quoting at Rs 342.95, up 1.78% on the day as on 12:49 IST on the NSE. The stock is down 15.7% in last one year as compared to a 4.24% slide in NIFTY and a 2.35% slide in the Nifty Financial Services index.
Mega merger incoming: Should you buy PFC, REC shares ahead of merger? Here's what analysts say
PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the trade now involves swap ratios and execution clarity beyond core business fundamentals. PFC is seen as the safer bet due to its parent status, while REC presents a merger-arbitrage opportunity with higher risk.
PFC, REC shares in focus as merger process advances
PFC said its board has approved placing the merger proposal of REC with PFC before the President of India for approval. The transaction will be executed based on a share swap ratio that will be determined by valuers appointed for the deal.
PFC board clears next step for REC merger, seeks govt approval
Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while ensuring the merged entity retains its government-company status.
Stocks to Watch for May 18: Vodafone Idea, REC, PFC, RBL Bank, Tata Steel, Coal India and more
From Vodafone Idea reacting to its results and fund raising approval to REC and PFC's update on their merger, there are plenty of stocks that should be on your radar going into Monday's trading session on May 18. Here is the complete list:
PFC, REC boards clear merger, seek approval from President - The Times of India
PFC, REC boards clear merger, seek approval from PresidentThe Times of India
Power Finance Corporation board moves REC merger proposal for Presidential approval
Shares of Power Finance Corporation ended at ₹444.00, down 1.63% or ₹7.35 on the BSE, while shares of REC Ltd ended at ₹345.70, down 0.72% or ₹2.50 on the BSE.
PFC-REC merger may not be a priority amid war squeeze
Boards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fall below 51 percent. This could require a substantial capital infusion of around 25,000 crore rupees. Analysts question the feasibility of this. The merger is targeted for April 1, 2027. Discussions continue on the final structure.
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI norms
Power Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India's power sector. Both companies have received in-principle approval for the restructuring. Legal and financial advisors have been appointed. Discussions on the detailed structure are ongoing and require regulatory approvals.
REC arm makes move for carbon market play
REC's consulting arm is set to enter the carbon markets. It will operate as an accredited carbon verification agency. Expressions of interest are invited for agencies to join the Indian carbon market. This market is expected to launch in 2026. Empanelled agencies will conduct validation and verification work. This is for compliance and offset mechanisms under the scheme.
IEX records 16.6% YoY growth in traded electricity volumes in April
Indian Energy Exchange(IEX) recorded a monthly electricity traded volume of 12,341 MUs in April 2026, a robust 16.6% increase year-on-year. A total of 1.18 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 59.4% year-on-year.
Gainers & Losers: GRSE, Vedanta among 8 big movers on Wednesday
Indian markets closed higher led by auto, FMCG, and IT stocks. Strong Q4 earnings drove gains in GRSE, CEAT, and Vedanta, while REC, Cohance Lifesciences, and India Cements declined.