Transfer of SR And ER Power Transmission Limited & Morena I SEZ Transmission Limited (wholly owned subsidiaries of PFC Consulting Limited) (wholly owned subsidiary of Power Finance Corporation Limited).
PFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Power Finance Corporation Limited (PFC) announced the transfer of two companies — SR And ER Power Transmission Limited and Morena I SEZ Transmission Limited. Both are wholly owned subsidiaries of PFC Consulting Limited, which itself is a wholly owned subsidiary of PFC. The transfer is part of PFC's group-level restructuring of its power transmission project SPVs. No details on the buyer, transfer value, or consideration were mentioned in the headline.
This is a routine internal restructuring of PFC's project advisory arm and is unlikely to have a material impact on PFC's standalone financials or shareholder value. Investors should watch for further details on the transferee and any consideration involved.