PFC · price
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Power Finance Corporation Ltd has completed the sale of its wholly-owned subsidiary, NERGS III Siang Basin Transmission Limited, to Dineshchandra R. Agarwal Infracon Private Limited. The transaction was completed on 26 May 2026 for a consideration of Rs. 19.70 crore. The subsidiary was originally established by PFC Consulting Limited (a wholly-owned subsidiary of PFC) for developing the NERGS-II Siang Basin transmission project. The buyer is not part of the promoter or promoter group. The company clarified this is not a slump sale, not a related party transaction, and was conducted at arm's length as per Ministry of Power guidelines. The subsidiary's contribution to PFC's turnover and net worth was negligible.
This is a routine divestment of a non-core subsidiary with negligible financial impact. The Rs. 19.70 crore disposal has no material impact on PFC's financials given the negligible contribution of the sold entity.