Power Finance Corporation Limited has informed the Exchange about Transfer of Wagdari Transmission Limited (wholly owned subsidiary of PFC Consulting Limited) (a wholly owned subsidiary of Power Finance Corporation Limited).
PFC · price
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PFC's step-down subsidiary Wagdari Transmission Limited has been transferred to KCC Buildcon Private Limited, the successful bidder, on 27 March 2026 for a consideration of Rs. 4.41 crore. Wagdari Transmission was set up to develop a 400/220 kV AIS transmission scheme at Wagdari, Solapur. The contribution of this SPV to PFC's turnover, revenue, and net worth was stated as negligible. The buyer is not part of PFC's promoter or promoter group, and the transaction is not a related party deal or a slump sale. This is part of PFC Consulting Limited's regular business of holding project SPVs and transferring them to successful bidders of transmission projects, with pricing guided by Ministry of Power guidelines.
Negligible impact on PFC's financials or stock price, as the transaction value is small (~Rs. 4.41 crore) and the subsidiary's contribution to consolidated turnover and net worth was disclosed as negligible. This is a routine operational transfer, not a strategic divestment.