India, Oct. 16 -- REC-PFC Merger Receives RBI Clearance REC Limited has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) for its proposed merger with Power Finance Corporation Limited (PFC). The company disclosed the development on October 15, 2026, under Regulation 30 and other applicable provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Merger Scheme Approved by Both Boards The development follows the decision taken by the respective boards of directors of REC Limited and Power Finance Corporation Limited on June 28, 2026, approving the proposed merger scheme. The approval was subject to obtaining the necessary statutory, regulatory and other applicable clearances....