Power Finance Corporation Limited has informed the Exchange about Transfer of KPS III HVDC Transmission Limited (wholly owned subsidiary of PFC Consulting Limited) (a wholly owned subsidiary of Power Finance Corporation Limited).
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Power Finance Corporation Limited (PFC) has informed the stock exchange about the transfer of KPS III HVDC Transmission Limited, a wholly owned subsidiary of PFC Consulting Limited (which itself is a wholly owned subsidiary of PFC). This is a transfer of a sub-subsidiary entity within PFC's group structure. The recipient of the transfer and the deal value have not been disclosed in this filing. Such transfers are typically routine in nature, involving project Special Purpose Vehicles (SPVs) created and held by PFC's consulting arm before being handed over to successful bidders or developers.
This appears to be a routine internal restructuring or SPV transfer within PFC's group and is unlikely to have a material impact on PFC's consolidated financials or shareholder value.