NSE: RECLTD · 16 October 2026 · Pre-market update
- REC Limited enters the trading session following the receipt of a No Objection Certificate from the Reserve Bank of India for its proposed merger with Power Finance Corporation Limited. Investors will evaluate this regulatory clearance ahead of the market open alongside the company's prior session close of ₹309.75.
- REC Limited announced the receipt of a No Objection Certificate from the Reserve Bank of India on October 15, 2026, concerning the proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited. The merger remains subject to further statutory approvals, regulatory clearances, and the consent of respective shareholders and creditors.
- Trading volume was 0.66 times the 20-day average daily volume.
REC Company News Before Market Open
REC Limited enters the trading session following the receipt of a No Objection Certificate from the Reserve Bank of India for its proposed merger with Power Finance Corporation Limited. Investors will evaluate this regulatory clearance ahead of the market open alongside the company's prior session close of ₹309.75.
The receipt of the Reserve Bank of India's No Objection Certificate marks an important regulatory step for the proposed merger between REC Limited and Power Finance Corporation Limited. The prior session ended with the stock closing down 0.66% at ₹309.75, operating near its 20-day average close of ₹303.70. The impending merger structure requires further statutory approvals and formal consents from respective shareholders and creditors before final implementation.
52.10 lakh shares traded on 15 October 2026. This compares with a 20-day average daily volume of 79.06 lakh shares (0.66 times). The five-day average daily volume was 78.62 lakh shares.
The receipt of the Reserve Bank of India's No Objection Certificate marks an important regulatory step for the proposed merger between REC Limited and Power Finance Corporation Limited. The prior session ended with the stock closing down 0.66% at ₹309.75, operating near its 20-day average close of ₹303.70. The impending merger structure requires further statutory approvals and formal consents from respective shareholders and creditors before final implementation.
Latest Company Developments
REC Limited announced the receipt of a No Objection Certificate from the Reserve Bank of India on October 15, 2026, concerning the proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited. The merger remains subject to further statutory approvals, regulatory clearances, and the consent of respective shareholders and creditors.
Regulatory clearance from the central bank marks a key procedural milestone in advancing the structural consolidation between the two major state-owned financial entities.
Intimation of receipt of No Objection Certificate from the Reserve Bank of India in relation to proposed scheme of merger.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.18% on 30 September 2026. This compares with 8.51% on 30 June 2026, a change of -2.33 percentage points.
The filing reported 34 MF/UTI holders.
What to Watch Next
- Market reaction and trading volumes at the open following the disclosure of the Reserve Bank of India's No Objection Certificate.
- Price action relative to the prior session trading range of ₹308.65 to ₹313.10 and the 20-day high of ₹315.05.
- Further updates regarding timelines for shareholder meetings and subsequent regulatory approvals required for the merger scheme.
Other Dated Coverage
- REC Limited in Focus After Transfer of Transmission Subsidiaries | 14 October 2026 — 14 October 2026
- REC Limited in Focus After Sale of Transmission SPVs; What to Watch | 13 October 2026 — 13 October 2026
- REC Limited in Focus After Incorporating Three Power Transmission Subsidiaries | 8 October 2026 — 8 October 2026
More REC news and dated analysis →
Frequently Asked Questions
What is the latest REC company news?
REC Limited announced the receipt of a No Objection Certificate from the Reserve Bank of India on October 15, 2026, concerning the proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited. The merger remains subject to further statutory approvals, regulatory clearances, and the consent of respective shareholders and creditors.
How strong was REC’s trading volume?
52.10 lakh shares traded, 0.66 times the 20-day average daily volume. The price and volume data are dated 15 October 2026.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.