Power Finance CorporationPFCWatchMajormateriality 81 out of 100
Outcome of Board Meeting held on June 28, 2026
M&A · merger
What happened
FactPower Finance Corporation's Board of Directors approved a scheme of merger by absorption with REC Limited, which will result in the dissolution of REC without winding up. Eligible shareholders of REC will receive 88 equity shares of PFC for every 100 equity shares of REC, subject to necessary regulatory approvals. The merger will take effect from the appointed date as defined in the scheme.