Power Finance Corporation Limited (PFC) — Related Party Transaction Announcement
📢 Key Event
Transfer of TUMKUR II RE Transmission Limited to Power Grid Corporation of India Limited completed for Rs 15.46 crore.
🔄 What Changed
Rs 15.46 crore consideration received; subsidiary transferred out of PFC's portfolio.
💡 Investor Takeaway
The sale removes a non-core asset and reflects PFC's focus on core financial operations without promoter-related conflicts.
Power Finance Corporation Limited announced the transfer of its wholly owned subsidiary TUMKUR II RE Transmission Limited to Power Grid Corporation of India Limited on 29 May 2026, completing the sale for Rs 15.46 crore as per the Share Purchase Agreement. The transaction was finalized on the same date and does not qualify as a related party transaction since the buyer is not part of the promoter group.
📄 View Original Announcement (PDF)
About Power Finance Corporation Limited (PFC)
Financial Services · Finance · Listed on NSE
Market Cap: ₹1,47,102.04 Cr
P/E: 5.0
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.