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PFC-REC merger receives board approval for share issuance

after close1 source ↓written by the desknot a recommendation

in REC
52.6%
owned
56%
impact trading
9 Feb 2023

The board of Power Finance Corporation (PFC) has granted in-principle approval for the merger with REC Ltd, where PFC will issue new shares to REC shareholders. PFC currently holds 52.6% in REC, which is 56% owned by the Central Government. This merger aligns with the recent Budget announcement and is expected to impact trading on 9 Feb 2023.

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 9 Feb 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PFC closed −0.5% on the day of the news, from ₹415.20 to ₹413.25; Nifty +0.3% over the same session; futures OI +1.4%.

Bulletin at 16:03 IST on 9 Feb 2026. Every change is measured from ₹415.20, the last close before it, on 9 Feb. 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
PFC closes around the bulletin against the close before the news, with Nifty 50 rebased to it379.49415.20450.91axis spans 19%before the news · 9 Feb415.20Nifty 50PFCbulletinD0+1+3+53 Feb13 Feb24 FebFutures open interest, lotspeak 52,000Reference close ₹415.20. 16 sessions from 3 Feb to 24 Feb; the price axis spans 19 percent.
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
SessionClose ₹Change %Nifty %
Before9 Feb₹415.20basebase
On the day10 Feb₹413.25▼ −0.5%▲ +0.3%−0.7 pp difference
+1 session11 Feb₹415.85▲ +0.2%▲ +0.3%−0.2 pp difference
+3 sessions13 Feb₹400.55▼ −3.5%▼ −1.5%−2.0 pp difference
+5 sessions17 Feb₹416.95▲ +0.4%▼ −0.6%+1.0 pp difference
Gap at the open, % · ₹
▲ +0.2%+0.79 on 10 Feb
Day's range, % · ₹
2.5%≈ 10 high to low
Volume on the day
0.78×the 20-session average
Futures OI on the day
▲ +1.4%+700 lots · short build-up · price −0.5%
Futures OI open, lots
52,00010 Feb · 24 Feb expiry
Futures premium, ₹
−2.60−0.6% to spot
Puts per call, by OI
0.70from 0.72 the session before
Max pain
395from 395 the session before

Source NSE UDiFF bhavcopy · PFC on the desk →

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