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Power Finance Corporation Limited has announced a board meeting regarding the transfer of Kurnool III PS RE Transmission Limited, its wholly owned subsidiary, to Power Grid Corporation of India Limited, which emerged as the successful bidder. The transaction, completed for a consideration of approximately ₹19.04 crore, highlights PFC's strategic move to divest a unit contributing negligible revenue last fiscal year. This decision may signal a focus on optimizing asset allocation and strengthening the company's financial posture. Investors could view this divestiture positively, seeing it as a step toward enhancing operational efficiency and deploying capital more effectively.