Power Finance Corporation Limited — JV/Acquisition, 28-06-2026: Amalgamation/Merger

Power Finance Corporation (PFC) will absorb REC Limited through a merger by absorption, aiming to create a stronger, more integrated entity. For every 100 equity shares of REC (INR 10/- each), shareholders will receive 88 equity shares of PFC (INR 10/- each). This means REC investors will become shareholders of the merged PFC entity. The transaction is pending necessary regulatory and other approvals, ensuring a smooth transition for all stakeholders.