REC Limited clarifies recent news about a potential merger with PFC. The company states that it isn’t engaged in such discussions. They referenced the Finance Minister’s announcement during the Union Budget 2026-27 proposing to restructure Power Finance Corporation and Rural Electrification Corporation. REC Limited affirms its commitment to promptly informing the stock exchanges of any material information.
Response to Merger Speculation
REC Limited addresses recent media reports concerning a possible merger with Power Finance Corporation (PFC). The company confirms that it is not involved in any negotiations or discussions regarding such a merger. This clarification responds to inquiries about news items appearing in media outlets on February 2/3, 2026.
Budget Announcement Context
The company’s response also references the Union Budget 2026-27, in which the Finance Minister announced the vision for NBFCs for Viksit Bharat. It includes clear targets for credit disbursement and technology adoption and also mentioned restructuring Power Finance Corporation and Rural Electrification Corporation.
Queries and Clarifications
Specific queries about ongoing negotiations or events are addressed with a firm ‘No’, indicating that no such activities are taking place.
Commitment to Transparency
REC Limited emphasizes its commitment to informing the Stock Exchanges about any events or information that could significantly impact its stock price. The company maintains that the news reports are not based on information available to the company.
Source: BSE
