Power Finance Corporation Ltd

🔍 PFC & REC Restructuring Proposal Announced in Budget 2026

- PFC acquired 52.63% of REC from the government in March 2019, making REC its subsidiary.

- The Finance Minister announced a proposal in the Union Budget 2026 to restructure PFC and REC to improve efficiency and scale in public sector NBFCs.

- PFC will hold a Board meeting to discuss the restructuring announcement and decide on future actions.

- PFC denies awareness of any undisclosed information affecting stock trading and confirms compliance with SEBI disclosure regulations.