Banking InfrastructureHigh impactAfter close

Merger of REC Limited into Power Finance Corporation

30 Jun 2026 · 16:06 ISTafter close1 source ↓written by the desknot a recommendation

valued at approximately: ₹2.42 lakh crores
for every: 88 PFC shares
for every: 100 REC shares
loan book exceeding: ₹11 lakh crore

Cyril Amarchand Mangaldas advised on the merger by absorption of REC Limited into Power Finance Corporation, creating a combined entity valued at approximately ₹2.42 lakh crores. The share exchange ratio is set at 88 PFC shares for every 100 REC shares. This merger will result in a financing entity with a total loan book exceeding ₹11 lakh crore.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 30 Jun 2026, 16:06 IST.

Sourcesnews.google.com

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The market after the news

PFC closed +1.5% on the day of the news, from ₹424.30 to ₹430.75; Nifty +0.6% over the same session; futures OI +0.3%.

Bulletin at 16:06 IST on 30 Jun 2026. Every change is measured from ₹424.30, the last close before it, on 30 Jun. Nifty 50 is measured over the same sessions.

PFC close ₹
Nifty 50, rebased to the close before the news
close before the news
above it
below it
futures OI, lots

price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session

Closes after the news against the close before it, with Nifty 50 over the same span
Session	Close ₹	Change %	Nifty %
Before30 Jun	₹424.30	base	base
On the day1 Jul	₹430.75	▲ +1.5%	▲ +0.6%+0.9 pp difference
+1 session2 Jul	₹430.05	▲ +1.4%	▲ +1.3%+0.1 pp difference
+3 sessions6 Jul	₹421.10	▼ −0.8%	▲ +2.4%−3.1 pp difference
+5 sessions8 Jul	₹403.60	▼ −4.9%	▲ +0.1%−5.0 pp difference

Gap at the open, % · ₹: ▲ +0.5%+2.08 on 1 Jul
Day's range, % · ₹: 2.5%≈ 10 high to low
Volume on the day: 0.70×the 20-session average
Futures OI on the day: ▲ +0.3%+140 lots · long build-up · price +1.5%
Futures OI open, lots: 41,0001 Jul · 28 Jul expiry
Futures premium, ₹: +1.90+0.4% to spot
Puts per call, by OI: 0.82from 0.57 the session before
Max pain: 430from 430 the session before

Source NSE UDiFF bhavcopy · PFC on the desk →

Merger of REC Limited into Power Finance Corporation

PFC closed +1.5% on the day of the news, from ₹424.30 to ₹430.75; Nifty +0.6% over the same session; futures OI +0.3%.

Thread · PFCAll PFC bulletins →

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