Date: 27.05.2026
Disinvestment / Strategic Actions
Power Finance Corporation Limited (PFC) has completed the transfer of its wholly-owned subsidiary, NERGS III Siang Basin Transmission Limited, to Dineshchandra R. Agrawal Infracon Private Limited. The subsidiary was established for the development of NERGS-II Siang Basin transmission project.
Transaction Details:
- The subsidiary contributed negligible amount to PFC's turnover, revenue, income, and net worth during the last financial year.
- The sale process was completed on 26th May 2026.
- The consideration received for the sale was ₹19,70,61,135 (Rupees Nineteen Crores Seventy Lakhs Sixty One Thousand One Hundred and Thirty Five Only) as per the Share Purchase Agreement.
- The buyer, Dineshchandra R. Agarwal Infracon Private Limited, does not belong to the Promoter or Promoter group of PFC.
- The transaction does not fall within the purview of related party transactions.
- The transaction is not in the nature of a slump sale.
- The consideration for sale and transfer was determined in accordance with Guidelines issued by the Ministry of Power, Government of India.
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results
Not Specified
Other Operational / Legal / Strategic Disclosures
The disclosure is made in compliance with regulatory requirements for material subsidiary transactions.