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EnergyInfrastructureHigh impactAfter close

Power Finance Corp to absorb REC Limited in merger

after close1 source ↓written by the desknot a recommendation

Power Finance Corporation Limited will absorb REC Limited, facilitated by Cyril Amarchand Mangaldas as transaction counsel. The merger involves extensive discussions with government authorities and aims for a seamless transition on a going concern basis. This strategic move may enhance operational efficiencies and market positioning for Power Finance Corp.

• Merger by absorption of REC into Power Finance Corp

• Dissolution of REC without winding up

• Transaction led by Amey Pathak and Dhruv Singhal

Immediate implications include potential shifts in investor sentiment and market dynamics.

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 1 Jul 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PFC closed −0.2% on the day of the news, from ₹430.75 to ₹430.05; Nifty +0.7% over the same session; futures OI +1.1%.

Bulletin at 16:06 IST on 1 Jul 2026. Every change is measured from ₹430.75, the last close before it, on 1 Jul. 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 it393.71430.75467.79axis spans 19%before the news · 1 Jul430.75Nifty 50PFCbulletinD0+1+3+524 Jun7 Jul16 JulFutures open interest, lotspeak 50,000Reference close ₹430.75. 16 sessions from 24 Jun to 16 Jul; 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 %
Before1 Jul₹430.75basebase
On the day2 Jul₹430.05▼ −0.2%▲ +0.7%−0.9 pp difference
+1 session3 Jul₹425.80▼ −1.1%▲ +1.1%−2.3 pp difference
+3 sessions7 Jul₹413.15▼ −4.1%▲ +1.6%−5.7 pp difference
+5 sessions9 Jul₹404.10▼ −6.2%▼ −0.2%−6.0 pp difference
Gap at the open, % · ₹
▲ +0.4%+1.59 on 2 Jul
Day's range, % · ₹
1.1%≈ 4.9 high to low
Volume on the day
0.50×the 20-session average
Futures OI on the day
▲ +1.1%+470 lots · short build-up · price −0.2%
Futures OI open, lots
41,0002 Jul · 28 Jul expiry
Futures premium, ₹
+1.20+0.3% to spot
Puts per call, by OI
0.81from 0.82 the session before
Max pain
430from 430 the session before

Source NSE UDiFF bhavcopy · PFC on the desk →

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