REC: Intimation of reciept of NOC from NSE and BSE in relation to proposed scheme of merger of REC Limited with…
REC (RECLTD) filed a disclosure titled "Intimation of reciept 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 ₹79,616 crore.
What happened
REC (RECLTD) filed a disclosure with the exchanges on 19 October 2026 at 11:24 PM titled "Intimation of reciept 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
REC is a mid-cap company in the Financial Services sector, with a market value of about ₹79,616 crore.
The stock last traded at ₹302.4, against a 52-week range of ₹286.2–₹388.3 (22.1% below the high).
Before this filing the shares had moved −0.9% over the month and −15.0% over three months. Average daily turnover over the last 20 sessions was about ₹235 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
BCEIE's records show 2 previous m&a filings from the company since May 2026.
Across 89 similar disclosures by other Financial Services companies, shares moved +0.2% on average the next day and 0.0% 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.
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 Limited Receives RBI NOC for Proposed Merger with PFC
- REC Limited Receives RBI No-Objection Certificate for Proposed Merger with PFC
- REC Limited Transfers Nawada Durgapur Transmission SPV To Shivalaya Construction For INR 18.44 Crore
- PFC gets NSE, BSE no objection for merger with REC
- REC Limited RECLTD RBI NOC for PFC Merger Scheme
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.