POWER FIN CORP (PFC)
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REC Q2 profit drops 21% to ₹3,478 crore as PFC merger advances
REC reported a 21% year-on-year decline in Q2 net profit to ₹3,478 crore and declared an interim dividend. Separately, the government is moving closer to merging PFC and REC, weighing preference shares to retain a 51% stake in the combined entity.
RBI clears PFC-REC merger with NoC
State-run REC said on Friday that its has received a No Objection Certificate (NoC) from the Reserve Bank of India (RBI) for its proposed merger with PFC. On June 28, 2026, the respective Boards of Directors of the Transferor Company (REC) and Transferee Company (PFC) approved the merger of the two power sector lending NBFCs.
REC gets RBI nod for merger with Power Finance Corporation
REC gets RBI nod for proposed merger with Power Finance Corporation - Published OnOct 16, 2026 | 24:09 IST - Last Updated OnOct 16, 2026 | 24:09 IST REC has received a no-objection certificate from the RBI for its proposed merger with Power Finance Corporation Limited, pending further statutory, regulatory, shareholder, and creditor approvals.
Indian largecaps trade near 52-week lows at single-digit PE multiples
Screaming buys: Largecap cos trading closer to their 52-week lows At a time when global funds are paying massive premiums to AI and related technology companies - often at 50x PE multiples - India is offering many comparable firms lower single-digit PE multiples Listen to This Article India’s largest companies have become some of the cheapest firms over the last three years where price-to-earnings (PE) multiples have crashed and investors have given up on growth.
PFC withdraws three-year bond issue as yields stay elevated
PFC withdraws three-year bond issue as yields remain elevated in market The state-owned lender raised ₹2,500 crore through a 15-year bond at a 7.55 per cent cut-off coupon, but withdrew its three-year issue after receiving bids at higher yields Listen to This Article Power Finance Corporation (PFC) withdrew its planned three-year bond issuance on Monday as bids came in at yields higher than the company had expected, while it accepted ₹2,500 crore through a 15-year bond at a cut-off coupon of…
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Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers
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