NSE: PFC · 16 October 2026 · Pre-market update
- Power Finance Corporation (PFC) is in focus ahead of the market open following the receipt of the Reserve Bank of India's no-objection certificate for its proposed merger with REC Limited. Additionally, the company announced the incorporation of a new wholly owned subsidiary under PFC Consulting Limited for a transmission project.
- PFC announced that it has received a no-objection certificate from the Reserve Bank of India (RBI) regarding the proposed scheme of amalgamation and merger of REC Limited into Power Finance Corporation under sections 230-232 of the Companies Act, 2013. The scheme remains subject to further statutory approvals, regulatory clearances, and the approval of respective shareholders and creditors.
- Trading volume was 0.72 times the 20-day average daily volume.
Power Fin Corp Company News Before Market Open
Power Finance Corporation (PFC) is in focus ahead of the market open following the receipt of the Reserve Bank of India's no-objection certificate for its proposed merger with REC Limited. Additionally, the company announced the incorporation of a new wholly owned subsidiary under PFC Consulting Limited for a transmission project.
The RBI no-objection brings the high-profile merger between Power Finance Corporation and REC Limited a step closer to execution, pending remaining approvals. The incorporation of Kadapa II REZ Transmission Limited highlights ongoing project development activities within PFC's consultancy subsidiary. Technical context shows the stock closed the previous trading session on October 15, 2026, at ₹342.30, down 0.64%, with a 5-day return of 5.75%.
70.34 lakh shares traded on 15 October 2026. This compares with a 20-day average daily volume of 97.51 lakh shares (0.72 times). The five-day average daily volume was 98.51 lakh shares.
The RBI no-objection brings the high-profile merger between Power Finance Corporation and REC Limited a step closer to execution, pending remaining approvals. The incorporation of Kadapa II REZ Transmission Limited highlights ongoing project development activities within PFC's consultancy subsidiary. Technical context shows the stock closed the previous trading session on October 15, 2026, at ₹342.30, down 0.64%, with a 5-day return of 5.75%.
Latest Company Developments
PFC announced that it has received a no-objection certificate from the Reserve Bank of India (RBI) regarding the proposed scheme of amalgamation and merger of REC Limited into Power Finance Corporation under sections 230-232 of the Companies Act, 2013. The scheme remains subject to further statutory approvals, regulatory clearances, and the approval of respective shareholders and creditors.
The RBI clearance marks a key regulatory milestone in advancing the strategic merger process between the two major power sector financiers.
PFC Consulting Limited, a wholly owned subsidiary of PFC, has incorporated a new Special Purpose Vehicle (SPV) named Kadapa II REZ Transmission Limited. The entity was established to handle preparatory activities, including survey, land acquisition initiation, and forest clearance processes, for the transmission system integration of Kadapa-II REZ (phase-1) under tariff-based competitive bidding.
It expands the footprint of PFC's consultancy arm in managing independent transmission projects nominated by the Ministry of Power.
Intimation of receipt of No Objection certificate from Reserve Bank of India ( RBI ) in relation to proposed scheme of merger of REC Limited ( Company or Transferor Company ) with and into Power Finance Corporation Limited ( Transferee Company ) and their respective shareholders and creditors under sections 230-232 and other applicable provisions of the Companies Act, 2013 ( Scheme )
Incorporation of wholly owned Subsidiary of PFC Consulting Limited (a wholly owned Subsidiary of Power Finance Corporation Limited)- Kadapa II REZ Transmission Limited
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 9.34% on 30 June 2026. This compares with 9.29% on 31 March 2026, a change of +0.05 percentage points.
The filing reported 40 MF/UTI holders.
What to Watch Next
- Investor reaction and trading volume following the official disclosure of the RBI merger clearance at the market open.
- Further updates regarding timelines for shareholder and creditor meetings concerning the REC Limited amalgamation scheme.
- Price action relative to the prior session's trading range between ₹341.65 and ₹348.00.
Other Dated Coverage
- Power Fin Corp Share Price Today: Why PFC Is Rising 0.04% | 14 October 2026 — 14 October 2026
- Power Fin Corp Share Price Today: Why PFC Is Rising 2.62% | 13 October 2026 — 13 October 2026
- Power Finance Corp in Focus After Subsidiary Transfer to Adani Energy | 8 October 2026 — 8 October 2026
More Power Fin Corp news and dated analysis →
Frequently Asked Questions
What is the latest Power Fin Corp company news?
PFC announced that it has received a no-objection certificate from the Reserve Bank of India (RBI) regarding the proposed scheme of amalgamation and merger of REC Limited into Power Finance Corporation under sections 230-232 of the Companies Act, 2013. The scheme remains subject to further statutory approvals, regulatory clearances, and the approval of respective shareholders and creditors.
How strong was Power Fin Corp’s trading volume?
70.34 lakh shares traded, 0.72 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 June 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.