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Acquisition

REC Acquisition

REC Limited received Presidential approval for its merger into Power Finance Corporation Limited. This is a significant step towards consolidation of the two state-owned power sector lenders.

Source

NSE filing, NSE: RECLTD. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

REC Ltd: key numbers

Share price
₹290.00
Market cap
₹76,364 Cr
Revenue (annual)
₹59,584 Cr
Net profit (annual)
₹16,308 Cr
P/E (TTM)
5.1×Sector 19.7×
Promoter holding
52.63%+0.00% QoQ
FII holding
16.78%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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