Acquiring Company
Power Finance Corporation
Acquired Company
REC Limited
IndiaFinancial ServicesFinanceLendingDescription
Power Finance Corporation and REC Limited have announced a proposed merger where REC shareholders will receive shares of PFC. The merger aims to create revenue benefits through increased scale and reduced competition. However, limitations on immediate cost savings are expected. Regulatory approvals are required for the merger, anticipated to be finalized by April 1, 2027.
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Based on deal dataFrequently asked
Who acquired REC Limited?
REC Limited was acquired by Power Finance Corporation, based in India. The deal was reported on August 20, 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 August 20, 2026. Power Finance Corporation and REC Limited have announced a proposed merger where REC shareholders will receive shares of PFC. The merger aims to create revenue benefits through increased scale and reduced competition. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does REC Limited do?
REC Limited is a public sector financial company in India. It provides financial support to power sector projects and companies. REC plays a crucial role in the development of the electricity infrastructure in India. It is privately held.
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