Maithan Alloys Limited — Others, 13-02-2025: Others

Maithan Alloys Limited has announced a board meeting regarding the acquisition of 115,337 equity shares, amounting to Rs. 4.33 Crore, in Power Finance Corporation Ltd. This acquisition, representing a 0.0015% stake, aims to bolster Maithan's investment portfolio, with no intent to gain control over the target entity. Power Finance Corporation, a major player in India’s energy financing sector, recorded a turnover of Rs. 46,022 Crore for the fiscal year 2023-2024. This move may reflect a positive outlook for Maithan, signaling diversification and potential benefits in the power and infrastructure financing domains.