Government of India Ministry of Power has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
The Government of India, through the Ministry of Power, has submitted a declaration to NSE and BSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the promoter — the President of India acting through the Ministry of Power, along with Persons Acting in Concert — has NOT created any encumbrance (such as a pledge or lock-in) on shares of Power Finance Corporation Limited, either directly or indirectly, during FY 2024-25. The declaration is signed by the Deputy Secretary, Ministry of Power, dated 9th April 2025.
This is a routine compliance filing and a mildly positive signal for shareholders. It confirms that the Government of India's majority stake in PFC remains free of any pledges or encumbrances, so there is no risk to promoter holdings from any pledge invocation. No material impact on the share price is expected from this disclosure.