Maithan Alloys Limited — Others, 21-02-2025: Others

Maithan Alloys Limited has announced a board meeting focused on acquiring 153,000 shares, or 0.005% of the equity, of Power Finance Corporation Ltd. This acquisition, completed on February 20, 2025, aligns with Maithan's strategy to enhance its investment portfolio without seeking control over the target. Power Finance Corporation, a Schedule-A Maharatna company, reported a turnover of ₹46,022 crore and plays a crucial role in financing energy and infrastructure projects in India. This move may reflect a positive outlook on diversification for Maithan's investments, potentially increasing investor interest in its growth strategy.