REC: Intimation of reciept of No Objection Certificate from the Reserve Bank of India in relation to proposed…
REC (RECLTD) filed a disclosure titled "Intimation of reciept of No Objection Certificate from the Reserve Bank of India in relation to proposed scheme of merger". The company is valued at about ₹81,564 crore.
What happened
REC (RECLTD) filed a disclosure with the exchanges on 15 October 2026 at 10:37 PM titled "Intimation of reciept of No Objection Certificate from the Reserve Bank of India in relation to proposed scheme of merger".
Company snapshot
REC is a mid-cap company in the Financial Services sector, with a market value of about ₹81,564 crore.
The stock last traded at ₹309.8, against a 52-week range of ₹286.2–₹388.3 (20.2% below the high).
Before this filing the shares had moved −1.8% over the month and −12.2% over three months. Average daily turnover over the last 20 sessions was about ₹223 crore.
Promoters held 52.63% at the end of Q1 FY27. Foreign institutions owned 15.76% and domestic institutions 16.98%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 14,737 | 4,465.7 | 16.96 |
| Q2 FY26 | 15,153 | 4,414.9 | 16.77 |
| Q3 FY26 | 15,018 | 4,052.4 | 15.39 |
| Q4 FY26 | 14,564 | 3,375.1 | 12.69 |
| Q1 FY27 | 14,435 | 4,192.8 | 15.92 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 1 earlier filing of this kind on record since May 2026.
Across 88 similar disclosures by other Financial Services companies, shares moved +0.2% on average the next day and 0.0% over five days; 47% of them rose the next day.
Market-wide, 2,096 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.
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):
- REC (RECLTD) Share/Stock Price Live, NSE
- Dividend powerhouse: Coal India, ITC, REC, NMDC, Aptech, Radiant Cash - Which stock is real dividend multiplier? Details
- Infrastructure Lenders Q1 FY27: PFC, REC Merger and IRFC Growth
- REC Limited RECLTD Sells Two Power Transmission SPVs in October 2026
- Recharge Metals Limited (ASX:REC): Placement Funds Sunset Well Exploration Programme
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.