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The Latest Breaking News from Power Finance Corporation

PFC-REC merger approved! Here's what will happen to your existing shares after mega merger

PFC and REC boards approved their merger scheme with a share-swap ratio of 88 PFC shares for every 100 REC shares. The merger aims to create India’s largest power financing institution. Analysts advise staggered investment, citing regulatory approvals, execution risks and valuation concerns despite long-term sector support.

The Economic Times

Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata Consumer

Indian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus. ADIA plans to sell Lenskart shares. Tata Consumer targets over 20% EBITDA margin. Reliance Industries subsidiary will redevelop a Mumbai slum. REC Ltd will merge with Power Finance Corporation.…

The Economic Times

Vinay Rajani sees Nifty extending rally toward 24,400; recommends PFC and L&T Finance

Nifty is set to climb towards 24,400. Financial and rate-sensitive sectors are leading the market. Broader market indices are also showing strong uptrends. Analysts see this as a healthy sign of widespread buying. Traders can use dips to 23,800 as a buying opportunity. Two stock picks, Power Finance Corporation and…

The Economic Times

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Mega merger incoming: Should you buy PFC, REC shares ahead of merger? Here's what analysts say

PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the trade now involves swap ratios and execution clarity beyond core business fundamentals. PFC is seen as the safer bet due to its parent status, while REC presents a…

The Economic Times

PFC, REC shares in focus as mega merger process advances. What's next?

Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approved seeking formal approval from the President of India for this proposed mega merger. This move consolidates two major PSU non-banking financial corporations. The merger is subject to further regulatory clearances and…

The Economic Times

PFC board clears next step for REC merger, seeks govt approval

Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while…

The Economic Times

ACME Solar signs power purchase pact with NHPC for 680 MW project

Renewable energy firm ACME Solar Holdings has signed a power purchase agreement (PPA) with state-owned company NHPC for a project of 680 MW capacity. Read further on Dynamite News:

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PFC CMD Parminder Chopra conferred with "Finance Leader Of The Year" Award

Under the able leadership of CMD Parminder Chopra, Power Finance Corporation continues to make substantial strides in the power, renewable energy and infrastructure finance sectors... Read further on Dynamite News:

Dynamite News

RITES signs pact with Power Finance Corporation

The two entities have signed the pact to explore avenues in areas, including transport and logistics, energy, water and sanitation, communication, social and commercial infrastructure. Read further on Dynamite News

Dynamite News

PFC bestowed with ICC Gold Award for 'Top Finance Institution in RE & EE'

Power Finance Corporation was conferred with the prestigious Indian Chamber of Commerce. Gold Award as the “Top Financing institution in the Renewable Energy and Energy Efficiency (RE & EE)”. Read further on Dynamite News:

Dynamite News

RS Dhillon, CMD, PFC Conferred With Prestigious “CMD Leadership Award”

Ravinder Singh Dhillon, Chairman and Managing Director, Power Finance Corporation Ltd (PFC) received this award from Justice Dipak Mishra, former Chief Justice of India, Supreme Court. Read further on Dynamite News:

Dynamite News

Luxembourg Stock Exchange, India INX strengthen cooperation

NEW DELHI: BSE's international arm India International Exchange (India INX) and Luxembourg Stock Exchange (LuxSE) on Wednesday signed a co-operation agreement through which the two bourses will enhance the visibility of listed Indian securities towards international investors by facilitating admission of such securities on LuxSE.

The Times of India

Power Finance Corp, REC reduce lending rates by 40 bps

NEW DELHI: State-run non-banking financial firms -- Power Finance Corporation (PFC) and REC Ltd -- have reduced their lending rates across all types of loans by 40 basis points. PFC and REC Ltd have further reduced their lending rates across all types of loans by 40 Bps, a power ministry…

The Times of India

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