PFC board approves in-principle merger with REC, exits PTC India board
Power Finance Corporation Limited (PFC) has initiated a major restructuring following the Union Budget 2026–27, with its Board approving in-principle a merger with its subsidiary, REC Limited. The Board has also approved the withdrawal of PFC’s nominee director from the board of PTC India Limited, along with the surrender of all related promoter rights. In regulatory filings dated February 6, 2026, PFC informed stock exchanges that its Board of Directors had granted in-principle approval for…