Power Finance Corporation Limited — Important, 21-03-2025: General Updates

Power Finance Corporation Ltd. has announced a board meeting on March 21, 2025, regarding the transfer of its wholly-owned subsidiaries, Fatehgarh II and Barmer I PS Transmission Limited and Chitradurga Bellary REZ Transmission Limited, to Power Grid Corporation of India Limited, the successful bidder. The sale has been completed with a consideration of ₹6.86 Cr and ₹19.71 Cr, respectively, as per the Share Purchase Agreement. This move reflects a strategy to streamline operations without involving related party transactions, enhancing focus on core business areas. Investors may view this decision as a potential positive outlook, anticipating improved operational efficiency and optimized asset management.