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Acquiring Company
Rural Electrification Corporation Ltd
Acquired Company
Power Finance Corporation
IndiaIndiaFinancial ServicesFinanceLendingBankingDescription
Rural Electrification Corporation Limited (REC) has received a no-objection certificate from the Reserve Bank of India for its proposed merger with Power Finance Corporation Limited (PFC). The merger is pending further statutory, regulatory, shareholder, and creditor approvals. The boards of both companies had previously approved the merger scheme, which still requires additional clearances.
Fundz sees it the moment Rural Electrification Corporation Ltd makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Frequently asked
Who acquired Power Finance Corporation?
Power Finance Corporation was acquired by Rural Electrification Corporation Ltd, based in India. The deal was reported on October 15, 2026. Rural Electrification Corporation Ltd is a government-owned financial institution that finances power projects in rural areas. It plays a crucial role in expanding electricity access in underserved regions across India. Rural Electrification Corporation Ltd is privately held.
When did Rural Electrification Corporation Ltd acquire Power Finance Corporation?
Rural Electrification Corporation Ltd's acquisition of Power Finance Corporation was reported on October 15, 2026. Rural Electrification Corporation Limited (REC) has received a no-objection certificate from the Reserve Bank of India for its proposed merger with Power Finance Corporation Limited (PFC). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Power Finance Corporation do?
Power Finance Corporation (PFC) is a leading public sector financial institution in India. It primarily focuses on financing projects in the power sector. It is privately held, operating in Financial Services, and is based in India.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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