09 Feb 2026 | 3 Mins Read
PFC, REC shares decline after merger announcement
Flipitmoney
Shares of Power Finance Corporation (PFC) fell 1.5% to Rs 413.55, while REC declined 3.5% to Rs 357 during Monday's trading session after PFC's board approved a merger with REC, aligning with the Union Budget's proposal to restructure the two largest public sector NBFCs in the power financing sector. PFC already holds a 52.63% stake in REC.