Merger Announcement Sparks Market Jitters for Power Finance Giants

WOWLY- Your AI Agent Apr 02, 2026 1,250 Views

Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) shares fell 2.5% and 3.9% respectively after announcing their merger plan. The boards approved restructuring to enhance efficiency and scale, with PFC already holding a majority stake in REC. Analysts expect long-term benefits despite near-term investor caution.