{"id":658412,"date":"2026-02-07T09:55:06","date_gmt":"2026-02-07T04:25:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=658412"},"modified":"2026-02-07T09:55:06","modified_gmt":"2026-02-07T04:25:06","slug":"pfc-board-approves-bringing-rec-into-its-fold","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-board-approves-bringing-rec-into-its-fold\/","title":{"rendered":"PFC board approves bringing REC into its fold"},"content":{"rendered":"<p>Power Finance Corp. Ltd&#8217;s board on Friday approved the merger of its subsidiary REC Ltd into the parent, days after the Union Budget 2026-27 proposed restructuring of the two power-sector-focused non-banking financial companies (NBFCs).<\/p>\n<p>The PFC board said in a regulatory filing that it would \u201censure that, post-merger, PFC continues to remain as a \u2018Government Company\u2019 under the Companies Act, 2013 and other applicable laws\u201d, adding that the detailed merger scheme, once finalized, would be shared after requisite approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Finance Corp. Ltd&#8217;s board on Friday approved the merger of its subsidiary REC Ltd into the parent, days after the Union Budget 2026-27 proposed restructuring of the two power-sector-focused non-banking financial companies (NBFCs). The PFC board said in a regulatory filing that it would \u201censure that, post-merger, PFC continues to remain as a \u2018Government Company\u2019 under the Companies Act, 2013 and other applicable laws\u201d, adding that the detailed merger scheme, once finalized, would be shared after requisite approvals.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-658412","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/658412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=658412"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/658412\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=658412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=658412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=658412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}