Maithan Alloys Limited — Others, 19-02-2025: Others

Maithan Alloys Limited has acquired 83,000 shares, equivalent to 0.002% of Power Finance Corporation Limited's equity, for a total cost of ₹3.09 crore. The acquisition, finalized on 18th February 2025, is part of Maithan Alloys' investment strategy, aimed at generating long-term and short-term financial benefits without seeking control over the target's management.

This move could be seen as a strategic enhancement to Maithan's investment portfolio, potentially improving investor sentiment due to its association with a dominant player in the infrastructure finance sector, which is vital for India's energy initiatives.