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EQUITY - MARKET SCREENER

Proventus Agrocom Ltd
Industry :  Trading
BSE Code
ISIN Demat
Book Value()
78870
INE0ONE01016
354.1878997
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
PROV
64.34
414.41
EPS(TTM)
Face Value()
Div & Yield %
18.65
10
0
 

Board of Power Finance Corporation accords in-principle approval for merger with REC
Feb 06,2026
The board of Power Finance Corporation (PFC) at its meeting held on 06 February 2026 has approved the following:

Pursuant to 'In Principle' approval of Cabinet Committee on Economic Affairs (CCEA), PFC acquired 52.63% of Govt's holding in REC (REC). Accordingly, PFC and REC are operating as holding and subsidiary companies.

The Board of Directors of PFC took note of the budget announcement and accorded its in-principle approval for restructuring in the form of a merger of PFC and REC, while ensuring that, post-merger, PFC continues to remain as a 'Government Company' under the Companies Act, 2013 and other applicable laws.