Power Finance Corporation Limited — Important, 01-04-2025: General Updates

Power Finance Corporation Ltd. has announced a board meeting regarding the transfer of its wholly-owned subsidiary, Anantapur II REZ Transmission Limited, to Resonia Limited for a consideration of ₹19.23 crore. This subsidiary, established for a 4.5 GW transmission project, contributed negligibly to the company's turnover in the last financial year. The transaction is completed and does not classify as a related party transaction. This move may streamline PFC's operations and refocus resources, potentially fostering a positive outlook among investors by enabling strategic realignment and efficiency improvements.