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PFC to merge with REC after RBI approval

RECENTLY ACQUIREDOct 15, 2026

Acquiring Company

Power Finance Corporation

Acquired Company

REC Limited

IndiaNew DelhiFinancial ServicesFinanceLendingBankingEnergyFinancial ServicesRenewable Energy

Description

Power Finance Corporation has received a No Objection Certificate for the merger with REC Limited. This regulatory approval follows board endorsement and will consolidate both public sector enterprises. The scheme is still pending additional regulatory conditions and shareholder consent before becoming effective.

Company Information

Company

Power Finance Corporation

Location

India

About

Power Finance Corporation (PFC) is a leading public sector financial institution in India. It primarily focuses on financing projects in the power sector. PFC provides financial assistance to various entities involved in electricity generation, transmission, and distribution.

Fundz sees it the moment Power Finance Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

ML-powered predictions for Power Finance Corporation's next move

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Frequently asked

Who acquired REC Limited?

REC Limited was acquired by Power Finance Corporation, based in India. The deal was reported on October 15, 2026. Power Finance Corporation (PFC) is a leading public sector financial institution in India. It primarily focuses on financing projects in the power sector. Power Finance Corporation is privately held and operates in Financial Services.

When did Power Finance Corporation acquire REC Limited?

Power Finance Corporation's acquisition of REC Limited was reported on October 15, 2026. Power Finance Corporation has received a No Objection Certificate for the merger with REC Limited. This regulatory approval follows board endorsement and will consolidate both public sector enterprises. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does REC Limited do?

REC Limited, formerly known as Rural Electrification Corporation Limited, is a public financial institution in India that funds power sector projects. It is privately held, operating in Energy, and is based in New Delhi.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.