# Power Finance Receives RBI Approval for Proposed REC Limited Merger

- URL: https://stocks.freetheai.org/news/power-finance-receives-rbi-approval-for-proposed-rec-limited-merger-8e54c5
- Published: 2026-10-16T09:12:59Z
- Category: mergers; sentiment: bullish; impact: medium
- Symbols: [NSE:PFC](https://stocks.freetheai.org/symbols/NSE-PFC), [NSE:RECLTD](https://stocks.freetheai.org/symbols/NSE-RECLTD)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Power Finance Corporation Limited (NSE:PFC) has received approval from the Reserve Bank of India for the proposed merger of REC Limited (NSE:RECLTD) into the company. The regulatory nod clears a crucial legal hurdle required to move forward with the planned corporate integration.

Securing central bank approval is an essential step for financial institutions planning structural consolidations. Following the update, shares of Power Finance Corporation Limited were trading down 2.12% at 335.1 INR, while shares of REC Limited fell 0.74% to 307.4 INR in recent market activity.

Investors will look ahead to subsequent regulatory and shareholder clearances necessary to complete the transaction, as well as further timeline disclosures regarding the merger process.

## Key points

- Power Finance Corporation Limited received RBI approval for the proposed merger of REC Limited into PFC.
- The regulatory approval fulfills a critical step toward completing the corporate merger between the two lenders.
- Shares of Power Finance Corporation Limited traded down 2.12% at 335.1 INR following the update.
- REC Limited stock declined 0.74% to trade at 307.4 INR.

## Questions and answers

### Did RBI approve the Power Finance and REC Limited merger?

Yes, Power Finance Corporation Limited received regulatory approval from the Reserve Bank of India for the proposed merger of REC Limited into PFC.

### How did Power Finance stock react to the merger approval news?

Power Finance Corporation Limited shares moved down 2.12% to 335.1 INR following the announcement of central bank approval.

### What is the stock price of REC Limited after the RBI announcement?

REC Limited shares traded down 0.74% at 307.4 INR following the merger update.