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acquisitionAnnounced · Feb 6, 2026Non-Banking Financial CompaniesSource · CredibleArticle · Factual

REC · Power Finance Corporation

Power Finance Corporation acquires REC

David Najork · Founding Software Engineer

Announced Feb 6, 2026 · Updated Apr 29, 2026 · 1 min read

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Deal value

—

Target

REC

Acquirer

Power Finance Corporation

Financial Stake

Status

Pending

Power Finance Corporation agreed to acquire REC. Reported deal value: Undisclosed. Status: Pending. Sector: Non-Banking Financial Companies. Target headquarters context: Location not specified.

This page summarizes publicly available information about the transaction as of 2026-02-06. Figures and status may change as filings and press coverage update.

Money & Banking PFC acquires 52.63% government stake in REC , making it a subsidiary The acquisition follows in- principle approval from the Cabinet Committee on Economic Affairs and aligns with the Union Budget 2026–27 plan to consolidate public sector non- banking financial companies Updated

Deal timeline

Announced

Feb 6, 2026 · thehindubusinessline.com

Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.

Sector context

This transaction is classified in Non-Banking Financial Companies. Figures and status may change as sources update.

Sources: thehindubusinessline.com · Primary article · FireStrike proprietary index