Power Finance Corporation Limited — Important, 07-11-2024: General Updates

Power Finance Corporation Limited has announced the transfer of its wholly-owned subsidiary, Paradeep Transmission Limited, to The Tata Power Company Limited for ₹1,864,267,721. The transaction was successfully completed as of November 6, 2024. The Tata Power is not part of the promoter group, and the sale is not classified as a related party transaction or a slump sale.