Power Finance Corporation Limited has informed the Exchange about Transfer of NES Dharashiv Transmission Limited (wholly owned subsidiary of PFC Consulting Limited) (a wholly owned subsidiary of Power Finance Corporation Limited).
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PFC has transferred its step-down subsidiary NES Dharashiv Transmission Limited to Montecarlo Limited for Rs. 3.61 crore on 12 March 2026. The SPV was set up for developing a transmission network in Maharashtra to evacuate renewable energy power from Dharashiv, Beed District. The buyer is not related to PFC's promoters and the transaction is not a related-party deal or a slump sale. The contribution of this SPV to PFC's revenue and net worth was negligible, and the consideration was determined as per Ministry of Power guidelines.
This is a routine transfer of a project SPV by PFC's consulting arm to the winning bidder — standard operational activity with negligible financial impact on PFC. No meaningful change expected for shareholders or stock price.