{"id":6186,"date":"2026-10-16T08:34:30","date_gmt":"2026-10-16T03:04:30","guid":{"rendered":"https:\/\/www.wittytrades.com\/market-news\/pfc-share-price-today-2026-10-16\/"},"modified":"2026-10-16T08:34:33","modified_gmt":"2026-10-16T03:04:33","slug":"pfc-share-price-today-2026-10-16","status":"publish","type":"post","link":"https:\/\/www.wittytrades.com\/market-news\/pfc-share-price-today-2026-10-16\/","title":{"rendered":"Power Finance Corporation in Focus on RBI Merger Clearance and New Subsidiary | 16 October 2026"},"content":{"rendered":"<style id=\"wt-article-style-v4\">:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) { color:#30475c; font-size:16px; line-height:1.65; min-width:0; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::before, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::after { box-sizing:border-box; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-copy { font-size:16px !important; 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gap:10px; }\n}\n@media (max-width:650px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid { grid-template-columns:1fr; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-metrics { grid-template-columns:repeat(2,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-card { padding:14px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:repeat(2,minmax(0,1fr)); gap:10px 14px; padding:12px 0; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-person, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row > div:last-child { grid-column:1 \/ -1; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta { padding:17px 15px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-title { font-size:18px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div { padding:9px !important; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-title, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-body { font-size:15px; }\n}\n@media (max-width:420px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(2,minmax(0,1fr)); }\n}<\/p>\n<p>:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div {border:1px solid #dde6ee;border-radius:8px;background:#f9fbfd;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div > div:last-child {font-weight:800;color:#17324d;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) h2 {font-size:24px !important;line-height:1.35 !important;margin:28px 0 14px !important;color:#173b58;}\n<\/style>\n<div class=\"wt-article-v4\" data-witty-phase=\"premarket\" data-article-version=\"4\">\n<p class=\"wt-market-date\"><strong>NSE: PFC<\/strong> \u00b7 16 October 2026 \u00b7 Pre-market update<\/p>\n<div class=\"wt-price-strip\">\n<div>\n<div>Previous close<\/div>\n<div>\u20b9342.30<\/div>\n<\/div>\n<div>\n<div>Previous day change<\/div>\n<div>-0.64%<\/div>\n<\/div>\n<div>\n<div>High \/ Low<\/div>\n<div>\u20b9348.00 \/ \u20b9341.65<\/div>\n<\/div>\n<div>\n<div>Volume<\/div>\n<div>70.34 lakh<\/div>\n<\/div>\n<div>\n<div>Previous trading day<\/div>\n<div>15 October 2026<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-takeaways\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Key Takeaways<\/div>\n<div class=\"wt-card-body\">\n<ul class=\"wt-list\">\n<li>Power Finance Corporation (PFC) is in focus ahead of the market open following the receipt of the Reserve Bank of India&#x27;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.<\/li>\n<li>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.<\/li>\n<li>Trading volume was 0.72 times the 20-day average daily volume.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Power Fin Corp Company News Before Market Open<\/h2>\n<div class=\"wt-prose\">\n<p class=\"wt-copy\">Power Finance Corporation (PFC) is in focus ahead of the market open following the receipt of the Reserve Bank of India&#x27;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.<\/p>\n<p class=\"wt-copy\">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&#x27;s consultancy subsidiary. Technical context shows the stock closed the previous trading session on October 15, 2026, at \u20b9342.30, down 0.64%, with a 5-day return of 5.75%.<\/p>\n<p class=\"wt-copy\">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.<\/p>\n<\/div>\n<div class=\"wt-likely-reason\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Company-specific context<\/div>\n<div class=\"wt-card-body\"><strong>RBI No-Objection for REC Limited Merger and New Subsidiary Incorporation<\/strong><\/p>\n<p class=\"wt-copy\">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&#x27;s consultancy subsidiary. Technical context shows the stock closed the previous trading session on October 15, 2026, at \u20b9342.30, down 0.64%, with a 5-day return of 5.75%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"wt-cta wt-cta-yellow\">\n<div class=\"wt-cta-title\">Research the Market \u2014 Not Just the Headline<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Latest Company Developments<\/h2>\n<div class=\"wt-grid wt-grid-news\">\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">RBI Issues No-Objection Certificate for REC Limited Merger<\/div>\n<div class=\"wt-card-date\">15 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">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.<\/p>\n<p class=\"wt-copy\">The RBI clearance marks a key regulatory milestone in advancing the strategic merger process between the two major power sector financiers.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">PFC Consulting Incorporates Kadapa II REZ Transmission Limited as Subsidiary<\/div>\n<div class=\"wt-card-date\">15 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">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.<\/p>\n<p class=\"wt-copy\">It expands the footprint of PFC&#x27;s consultancy arm in managing independent transmission projects nominated by the Ministry of Power.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Amalgamation\/Merger<\/div>\n<div class=\"wt-card-date\">16 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">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 )<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/PFC2023_15102026213836_INTIMATIONNOC15102026SIGNED.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">General Updates<\/div>\n<div class=\"wt-card-date\">15 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Incorporation of wholly owned Subsidiary of PFC Consulting Limited (a wholly owned Subsidiary of Power Finance Corporation Limited)- Kadapa II REZ Transmission Limited<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/PFC2023_15102026162659_Intimation15102026Signed.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Ownership &amp; Transaction Activity<\/h2>\n<div class=\"wt-grid wt-grid-ownership\">\n<div class=\"wt-card\" data-card=\"ownership\" style=\"background:#fff8e8;border:1px solid #ecd39e;border-left:4px solid #cc922c;border-radius:10px\">\n<div class=\"wt-card-title\">Shareholding<\/div>\n<div class=\"wt-card-date\">As of 30 June 2026<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-grid wt-grid-metrics\">\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Promoter holding<\/div>\n<div class=\"wt-value\">55.99%<\/div>\n<div class=\"wt-note\">55.99% on 31 March 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">FII\/FPI<\/div>\n<div class=\"wt-value\">20.54%<\/div>\n<div class=\"wt-note\">19.64% on 31 March 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Institutional holding<\/div>\n<div class=\"wt-value\">35.05%<\/div>\n<div class=\"wt-note\">34.69% on 31 March 2026<\/div>\n<\/div>\n<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1699178_22072026025901_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Mutual Fund Holdings<\/h2>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Mutual-fund ownership<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">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.<\/p>\n<p class=\"wt-copy\">The filing reported 40 MF\/UTI holders.<\/p>\n<div class=\"wt-grid wt-grid-funds\">\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">KOTAK MAHINDRA TRUSTEE CO LTD A\/C KOTAK ENERGY OPP<\/div>\n<div class=\"wt-card-date\">30 June 2026<\/div>\n<div class=\"wt-card-body\">6.75 crore shares \u00b7 2.04%<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">NIPPON LIFE INDIA TRUSTEE LTD-A\/C NIPPON INDIA MUL<\/div>\n<div class=\"wt-card-date\">30 June 2026<\/div>\n<div class=\"wt-card-body\">4.27 crore shares \u00b7 1.29%<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">SBI FLEXICAP FUND<\/div>\n<div class=\"wt-card-date\">30 June 2026<\/div>\n<div class=\"wt-card-body\">3.49 crore shares \u00b7 1.06%<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-note wt-source-note\">These are quarterly holdings, rather than purchases or sales on the article date.<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1699178_22072026025901_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<h2>What to Watch Next<\/h2>\n<ul class=\"wt-list\">\n<li>Investor reaction and trading volume following the official disclosure of the RBI merger clearance at the market open.<\/li>\n<li>Further updates regarding timelines for shareholder and creditor meetings concerning the REC Limited amalgamation scheme.<\/li>\n<li>Price action relative to the prior session&#x27;s trading range between \u20b9341.65 and \u20b9348.00.<\/li>\n<\/ul>\n<h2>Other Dated Coverage<\/h2>\n<ul class=\"wt-list\">\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/pfc-share-price-today-2026-10-14\/\">Power Fin Corp Share Price Today: Why PFC Is Rising 0.04% | 14 October 2026 \u2014 14 October 2026<\/a><\/li>\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/pfc-share-price-today-2026-10-13\/\">Power Fin Corp Share Price Today: Why PFC Is Rising 2.62% | 13 October 2026 \u2014 13 October 2026<\/a><\/li>\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/pfc-share-price-today-2026-10-08\/\">Power Finance Corp in Focus After Subsidiary Transfer to Adani Energy | 8 October 2026 \u2014 8 October 2026<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.wittytrades.com\/market-news\/tag\/pfc\/\">More Power Fin Corp news and dated analysis \u2192<\/a><\/p>\n<aside class=\"wt-cta wt-cta-dark\">\n<div class=\"wt-cta-title\">Looking for Research-Backed Market Opportunities?<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Frequently Asked Questions<\/h2>\n<div class=\"wt-faq\">\n<h3>What is the latest Power Fin Corp company news?<\/h3>\n<p class=\"wt-copy\">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.<\/p>\n<h3>How strong was Power Fin Corp\u2019s trading volume?<\/h3>\n<p class=\"wt-copy\">70.34 lakh shares traded, 0.72 times the 20-day average daily volume. The price and volume data are dated 15 October 2026.<\/p>\n<h3>Do the mutual-fund figures show buying today?<\/h3>\n<p class=\"wt-copy\">They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.<\/p>\n<\/div>\n<p><strong>Research &amp; analysis:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">WittyTrades Research Desk<\/a><br \/><strong>Reviewed by:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">Mohanish Sanghavi \u2014 SEBI Registered Research Analyst<\/a><\/p>\n<p>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.<\/p>\n<\/div>\n<p><script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@type\": \"NewsArticle\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/pfc-share-price-today-2026-10-16\/#article\", \"mainEntityOfPage\": {\"@type\": \"WebPage\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/pfc-share-price-today-2026-10-16\/\"}, \"headline\": \"Power Finance Corporation in Focus on RBI Merger Clearance and New Subsidiary | 16 October 2026\", \"description\": \"Power Finance Corporation in focus ahead of the market open after receiving RBI no-objection for the REC Limited merger and forming a new transmission.\", \"datePublished\": \"2026-10-16T08:34:17.083453+05:30\", \"dateModified\": \"2026-10-16T08:34:17.083453+05:30\", \"author\": {\"@type\": \"Organization\", \"name\": \"WittyTrades Research Desk\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\"}, \"reviewedBy\": {\"@type\": \"Person\", \"name\": \"Mohanish Sanghavi\", \"jobTitle\": \"SEBI Registered Research Analyst\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\"}, \"publisher\": {\"@type\": \"Organization\", \"name\": \"WittyTrades\", \"url\": \"https:\/\/www.wittytrades.com\/\"}, \"inLanguage\": \"en-IN\", \"image\": [\"https:\/\/www.wittytrades.com\/market-news\/wp-content\/uploads\/2026\/10\/pfc-company-news-2026-10-16.jpg\"]}<\/script><!-- wt-article-record:{\"news_events\":[{\"title\":\"Amalgamation\/Merger\",\"summary\":\"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 )\",\"source\":\"NSE\",\"published\":\"15-Oct-2026 21:39:12\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/PFC2023_15102026213836_INTIMATIONNOC15102026SIGNED.pdf\",\"disclosure_text\":\"National Stock Exchange of India Limited, Listing Department, Exchange Plaza, Banclra-Kurla Complex, Bandra (E) MUMBAI - 400 051 41 q\ufffd 4> I\ufffd :i\u00b7 \ufffd cbl lfl\ufffd \ufffdI .=t \ufffd f1l \ufffd6 POWER FINANCE CORPORATION LTD. (\ufffd \ufffd <ITT \ufffd) (A Govt. of India Undertaking) (\ufffd-\ufffd.3TT. 45001 :2018 wrrfurci) (ISO 45001 :2018 Certified) No.: 1 :05:138:I:CS Dated: 15.10.2026 BSE Limited, Department of Corporate Services, Floor -25, PJ Towers, Dalal Street, MUMBAJ-400 001 \ufffdm QcRi-cl\\\\51 '3{Tq) \ufffd fa\ufffdb,, \ufffd \ufffd'HTTI, QcRiil\\\"\\\\JJ \ufffd, \ufffd{fa\ufffdb,, ct>l\u00aec \ufffd \ufffd'1-flll, \ufffd-2s, \ufffd- ct>IA.8cRi, \ufffd -400 os 1 -cfi. \ufffd- \ufffd, \ufffdW, . -40000 I Sub: 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\\\") - Disclosure under Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\\\"Listing Regulations\\\") Madam\/Sir, This is with reference to our letter dated June 28, 2026, wherein we had informed about the decision of the respective Board of Directors of the Transferor Company and Transferee Company approving the Scheme, subject to receipt of applicable regulatory and other approvals. In this regard, we wish to inform you that the Company has received no objection certificate from RBI on October 15, 2026, subject to the instructions\/conditions specified therein. The Scheme shall remain subject to such other statutory and regulatory approvals and fulfilment of such other conditions to the effectiveness of the Scheme, including the approval of the respective shareholders and creditors of the companies involved in the Scheme, as may be required in accordance with the applicable laws, and the provisions of the Scheme. Request you to kindly take the same on record. Thanking you, Yours faithfully, For Power Finance Corporation Ltd. (Manish Kumar Agarwal) Company Secretary & Compliance Officer mk_agarwal@pfcindia.com q\\\\;fJ\ufffdd ctill.lfr1l.l .- \u00b7\u00b7'3-iGJl\ufffdf\ufffdr. 1. is11-11{iiis11 wi-. \ufffd \ufffd- \ufffd \ufffd-110001 \ufffd : 011-23455000 \ufffd : 011-23412545 Regd. Office: \\\"Urjanidhi\\\", 1, Barakhamba Lane, Connaught Place, New Delhi-110001 Phone : 011-23456000 Fax : 011-23412545 \ufffdislfll\ufffdc \/ Website: www.pfcindia.co.in \u2022 CIN : L6591 0DL 1986GOI024862\"},{\"title\":\"General Updates\",\"summary\":\"Incorporation of wholly owned Subsidiary of PFC Consulting Limited (a wholly owned Subsidiary of Power Finance Corporation Limited)- Kadapa II REZ Transmission Limited\",\"source\":\"NSE\",\"published\":\"15-Oct-2026 16:28:18\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/PFC2023_15102026162659_Intimation15102026Signed.pdf\",\"disclosure_text\":\"41e1\ufffd 4>1\ufffd.?f \ufffd cJ>1-cif\ufffd\ufffd fclfll\ufffd6 POWER FINANCE CORPORATION LTD. (1lffi7 \\\"fficpR cJ5T \ufffd) (A Govt. of India Undertaking) (\ufffd-\ufffd.31T. 45001:2018 \ufffd) (ISO 45001:2018 Certified) No: 1:05:138:1:CS Dated: 15.10.2026 National Stock Exchange of India Limited Listing Department, Exchange Plaza, Bandra - Kurla Complex, Bandra (E) MUMBAI - 400 051. BSE Limited, Department of Corporate Services, Floor-25, PJ Towers, Dalal Street, MUMBAI - 400 001. \ufffd1<\ufffd rn Q,cfff'h1 3lrn \ufffd, Rt fi:ll-s Rtffi,1 Fctm-r, Q,cffl\ufffdIJj \ufffd. \\\" \ufffd . cfi I s:c cffl, \ufffd -400 051 \ufffd Rt fi:ll-s, efil @c: itemt fcr+n.r, \ufffd -25, tft -\ufffd -\ufffd, \ufffd $, \u00a2-400001 Sub: Incorporation of wholly owned Subsidiary of PFC Consulting Limited (a wholly owned Subsidiary of Power Finance Corporation Limited)- Kadapa II REZ Transmission Limited Madam\/Sir, This is to inform that the following Special Purpose Vehicle (SPY) Company has been incorporated as wholly owned Subsidiary of PFC Consulting Limited (PFCCL) (a wholly owned subsidiary of Power Finance Corporation Limited (PFC): Sr. Name of the SPY Purpose No I Kadapa II REZ Transmission Transmission System for Integration of Kadapa -II Limited REZ (ohase-1) PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited) has been nominated as the 'Bid Process Coordinator' (BPC) for selection of developer through tariff based competitive bidding for the Independent Transmission projects (ITPs) by Ministry of power, Got. As per the provisions of tariff based competitive bidding Guidelines issued by the Ministry of Power, the BPC has to prepare the project profile and initiate the process of land acquisition and forest clearance, if required. For these activities, One Special Purpose Vehicle (SPY) is required to be incorporated which will take up various preparatory activities of the transmission project e.g. survey and preparation of report, initialization of the process of acquisition of land and also initiate the process of seeking forest clearance, if required. The SPY has to be transferred to the Successful Bidder selected through International Competitive Bidding process under Tariff Based Competitive Bidding Guidelines. The Central Electricity Authority (CEA), Ministry of Power (Mop), vide File No. CEA-PS-12- 13\/3\/2019-PSPA- II Division part (I) 1\/67445\/2026 dated 20-07.2026 has intimated that the National Committee on Transmission (NCT), in its 42nd meeting held on 07.07.2026, has nominated PFC Consulting Limited (PFCCL) as the Bid Process Coordinator (BPC) for development of above .{, mentioned Transmission scheme through the Tariff Based Competitive Bidding (TBCB) process. \ufffd q\\\\,fJcpd cf;ll\/fcifll : \\\"G,ijjfA\ufffd\u00b7\u00b7. 1, 6'1>?1i!si6'1 \ufffd- CATc \ufffd- \ufffd \ufffd-110001 \ufffd: 011-23456000 \ufffd: 011-23412545 Regd. Office: \\\"Urjanidhi\\\", 1, Barakhamba Lane, Con naught Place, New Delhi-110001 Phone : 011-23456000 Fax: 0ll-23412545 \ufffd6'-<-ll\ufffdc\/ Website: www.pfcindia.co.in e CIN: L65910DL 1986GOI024862\"}],\"shareholding_snapshot\":{\"promoter_pct\":55.99,\"public_pct\":44.01,\"fii_pct\":20.54,\"dii_pct\":14.51,\"mf_pct\":9.34,\"institutional_pct\":35.05,\"noninst_pct\":8.96,\"mf_scheme_count\":40,\"pledged_shares\":null,\"pledged_pct_of_promoter\":null,\"mf_holders\":[{\"name\":\"KOTAK MAHINDRA TRUSTEE CO LTD A\/C KOTAK ENERGY OPP\",\"shares\":67467131,\"pct\":2.04},{\"name\":\"NIPPON LIFE INDIA TRUSTEE LTD-A\/C NIPPON INDIA MUL\",\"shares\":42724883,\"pct\":1.29},{\"name\":\"SBI FLEXICAP FUND\",\"shares\":34882426,\"pct\":1.06},{\"name\":\"HDFC MUTUAL FUND - HDFC BANKING AND FINANCIAL SERV\",\"shares\":33569924,\"pct\":1.02}],\"period\":\"30-JUN-2026\",\"submission_date\":\"22-JUL-2026\",\"source\":\"NSE shareholding pattern XBRL\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1699178_22072026025901_WEB.xml\",\"previous_period\":\"31-MAR-2026\",\"previous_promoter_pct\":55.99,\"previous_fii_pct\":19.64,\"previous_dii_pct\":15.05,\"previous_mf_pct\":9.29,\"previous_institutional_pct\":34.69,\"previous_mf_scheme_count\":37,\"previous_pledged_pct_of_promoter\":null,\"previous_pledged_shares\":null}} --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Finance Corporation in focus ahead of the market open after receiving RBI no-objection for the REC Limited merger and forming a new transmission.<\/p>\n","protected":false},"author":1,"featured_media":6185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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Finance Corporation in focus ahead of the market open after receiving RBI no-objection for the REC Limited merger and forming a new transmission.","_witty_primary_phrase":"Power Finance Corporation merger RBI approval","_witty_reason_label":"RBI No-Objection for REC Limited Merger and New Subsidiary 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