Power Finance Corporation: Intimation of receipt of NOC from NSE and BSE in relation to proposed scheme of merger of REC limited with…
Power Finance Corporation (PFC) filed a disclosure titled "Intimation of receipt of NOC from NSE and BSE in relation to proposed scheme of merger of REC limited with and into Power Finance Corporation Limited". The company is valued at about ₹1.1 lakh crore.
What happened
Power Finance Corporation (PFC) filed a disclosure with the exchanges on 19 October 2026 at 10:45 PM titled "Intimation of receipt of NOC from NSE and BSE in relation to proposed scheme of merger of REC limited with and into Power Finance Corporation Limited".
Company snapshot
Power Finance Corporation is a large-cap company in the Financial Services sector, with a market value of about ₹1.1 lakh crore.
The stock last traded at ₹332.4, against a 52-week range of ₹313.4–₹486.5 (31.7% below the high).
Before this filing the shares had moved −3.7% over the month and −19.5% over three months. Average daily turnover over the last 20 sessions was about ₹346 crore.
Promoters held 55.99% at the end of Q1 FY27. Foreign institutions owned 20.54% and domestic institutions 14.51%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 28,539 | 8,981.5 | 20.81 |
| Q2 FY26 | 28,890 | 5,743.3 | 17.4 |
| Q3 FY26 | 29,095 | 6,292.5 | 19.07 |
| Q4 FY26 | 28,920 | 6,998 | 21.21 |
| Q1 FY27 | 28,527 | 7,012 | 21.25 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 7 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 1.2% on average the next trading day and was down 2.3% on average after five days (4 filings with price data).
Across 85 similar disclosures by other Financial Services companies, shares moved +0.2% on average the next day and +0.1% over five days; 46% of them rose the next day.
Market-wide, 2,116 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 30 Jun 2026 | Transfer Of Kakinada I Transmission Limited (Wholly Owned Subsidiary… | +1.4% | −4.9% |
| 10 Jun 2026 | Intimation Regarding Presidential Approval For The Proposed Merger… | −2.4% | −0.5% |
| 29 May 2026 | Transfer Of Kurnool IV REZ Power Transmission Limited (Wholly Owned… | −3.6% | −0.0% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- Power Finance (NSEI:PFC) Stock Price
- Power Finance Corporation Transfers Three Subsidiaries Under Transmission Tariff Framework
- REG - Power Finance Corp. Power Finance - 10OE - Update
- Power Finance Corporation Share Price Today at Rs 336.15
- PSEB advertises post of CMD, Power Finance Corporation Limited
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.