PFC files takeover disclosure for REC Limited under SEBI Regulations

M&A / JV 19 Jun 2026 · Announced· ✓ Verified

PFC has submitted a formal disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to NSE regarding REC Limited. This filing is a mandatory disclosure triggered by PFC's substantial acquisition of shares in REC. The specific acquisition structure, consideration, and stake percentage are subject to verification from the original exchange filing and company announcements.

Why it mattersThe Regulation 31(4) disclosure indicates PFC has crossed a disclosure threshold (likely 25% or an acquisition triggering mandatory bid); the timing and structure of the transaction will determine whether an open offer or negotiated acquisition framework applies.
SectorFinancial Services
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