Transfer of South Kalamb Power Transmission Limited (wholly owned subsidiary of PFC Consulting Limited) (wholly owned subsidiary of Power Finance Corporation Limited).
PFC · price
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Power Finance Corporation (PFC), through its wholly owned subsidiary PFC Consulting Limited, has transferred South Kalamb Power Transmission Limited to Adani Energy Solutions Limited on 30 March 2026. South Kalamb Power Transmission was a special purpose vehicle (SPV) set up to develop a network expansion scheme for power drawal at South Kalamb substation (Part A). The sale consideration received was Rs. 12.53 crores as per the Share Purchase Agreement. PFC has stated that the financial contribution of this SPV to the listed entity's turnover, revenue, and net worth was negligible. The buyer is not part of PFC's promoter group, the transaction is not a related party transaction, and it is not a slump sale. The pricing was determined as per Ministry of Power guidelines.
This is a routine transfer of a project-specific SPV to a successful bidder through competitive bidding, which is part of PFC's normal business model. The financial impact on PFC is negligible, so shareholders are unlikely to see any meaningful change in stock price or value from this transaction.