PFC receives RBI no-objection for proposed merger with REC
As filed · Intimation of receipt of No Objection certificate from Reserve Bank of India ( RBI ) in relation to proposed scheme of merger of REC Limited ( Company or Transferor Company ) with and into Power Finan
M&AImprovingNotablemateriality 68 out of 100
What happened
FactPower Finance Corporation said it received a no-objection certificate from the Reserve Bank of India on October 15, 2026 for the proposed merger of REC into PFC. The approval is subject to RBI’s specified instructions and conditions, while shareholder, creditor and other statutory and regulatory approvals are still required.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
Watch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- The RBI no-objection removes a regulatory step for the proposed merger, but the transaction remains conditional on further approvals and conditions before becoming effective.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%