NSE: PFC · 21 October 2026
- Power Finance Corporation Ltd. (PFC) shares moved down by 1.50% to trade at ₹327.40, moving within a day's range of ₹326.55 and ₹333.65.
- Power Finance Corporation announced the receipt of No Objection letters from BSE Limited and the National Stock Exchange of India Limited regarding the proposed scheme of amalgamation of REC Limited into PFC. The scheme remains subject to further statutory approvals, including clearance from the National Company Law Tribunal and respective shareholder and creditor consents.
- Trading volume was 0.17 times the 20-day average daily volume.
Why is Power Fin Corp share price falling on 21 October 2026?
Power Finance Corporation Ltd. (PFC) shares moved down by 1.50% to trade at ₹327.40, moving within a day's range of ₹326.55 and ₹333.65.
The broader market showed positive movement as the Nifty rose by 0.36%. PFC's negative price performance extends a softer recent stretch, marked by a 5-day return of -4.28% and a 20-day return of -5.03%.
Company developments indicate ongoing corporate restructuring, including the receipt of No Objection letters from BSE and NSE on October 19, 2026, for the proposed merger of REC Limited into PFC. While these regulatory clearances shape the company's long-term framework, no single confirmed trigger links these updates directly to today's price action.
17.24 lakh shares traded by 21 October 2026 · 11:00 AM IST. This compares with a 20-day average daily volume of 1.02 crore shares (0.17 times). The five-day average daily volume was 1.27 crore shares. Separately, the NSE report for 19 October 2026 showed 44.73 lakh shares delivered, representing 56.67% of that day’s traded volume. The same report recorded 53,416 trades.
The stock declined alongside a softer recent performance trajectory of -4.28% over five days, trading on light volume that registered at a fraction of its 20-day average. In the absence of a same-day direct operational catalyst, the movement reflects ongoing stock-specific pressure rather than a reaction to a single fresh event.
Latest Company Developments
Power Finance Corporation announced the receipt of No Objection letters from BSE Limited and the National Stock Exchange of India Limited regarding the proposed scheme of amalgamation of REC Limited into PFC. The scheme remains subject to further statutory approvals, including clearance from the National Company Law Tribunal and respective shareholder and creditor consents.
Progresses the structural consolidation of two major state-backed power sector lenders under a unified corporate umbrella.
The company received a No Objection certificate from the Reserve Bank of India concerning the proposed merger scheme of REC Limited with and into Power Finance Corporation Limited, subject to specified instructions and conditions.
Securing sectoral regulatory clearance from the central bank marks a critical milestone for the structural combination of the entities.
PFC Consulting Limited, a wholly owned subsidiary of PFC, incorporated Kadapa II REZ Transmission Limited as a special purpose vehicle for the transmission system associated with the integration of Kadapa-II REZ phase-1. The SPV will handle preliminary preparatory activities prior to transfer to a successful bidder selected through tariff-based competitive bidding.
Demonstrates ongoing execution of transmission project incubation under Ministry of Power guidelines.
Intimation of receipt of No Objection letters from BSE Limited and National Stock Exchange of India Limited in relation to proposed scheme of merger of REC Limited ( Transferor Company ) with and into Power Finance Corporation Limited ( Company or Transferee Company )
Cessation of Mr Pankaj Gupta as Non- Executive Independent Director of the company effective. September 22, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 8.99% on 30 September 2026. This compares with 9.34% on 30 June 2026, a change of -0.35 percentage points.
The filing reported 43 MF/UTI holders.
What to Watch Next
- Further regulatory filings regarding the NCLT petition process for the REC Limited merger
- Updates on tariff-based competitive bidding and transmission SPV asset transfers through PFC Consulting
- Delivery participation following a cash delivery percentage of 56.67% recorded on October 19, 2026, with cash volume of 4,472,604 shares
- Upcoming financial results and quarterly loan disbursement figures across power generation and transmission portfolios
Other Dated Coverage
- Power Finance Corporation in Focus on RBI Merger Clearance and New Subsidiary | 16 October 2026 — 16 October 2026
- 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
More Power Fin Corp news and dated analysis →
Frequently Asked Questions
What is the latest Power Fin Corp company news?
Power Finance Corporation announced the receipt of No Objection letters from BSE Limited and the National Stock Exchange of India Limited regarding the proposed scheme of amalgamation of REC Limited into PFC. The scheme remains subject to further statutory approvals, including clearance from the National Company Law Tribunal and respective shareholder and creditor consents.
How strong was Power Fin Corp’s trading volume?
17.24 lakh shares traded, 0.17 times the 20-day average daily volume. The price and volume data are dated 21 October 2026 · 11:00 AM IST.
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.