Date: 03.08.2026
Disinvestment / Strategic Actions
Power Finance Corporation Limited (PFC) has completed the transfer of two wholly-owned subsidiaries of PFC Consulting Limited (itself a wholly-owned subsidiary of PFC) to successful bidders on August 3, 2026.
Ananthpuram Transmission Limited Transaction
- Entity: Ananthpuram Transmission Limited
- Project Purpose: Established for development of "Transmission System for Integration of Ananthpuram-III PS REZ Phase-I (3GW)"
- Buyer: Apraava Energy Private Limited
- Financial Contribution: Negligible turnover/revenue/income and net worth during last financial year
- Agreement Date: The process for sale and transfer was completed on 03.08.2026
- Completion Date: 03.08.2026
- Consideration: ₹19,61,75,336 (Rupees Nineteen Crore Sixty-One Lakh Seventy Five Thousand Three Hundred Thirty Six Only) as per Share Purchase Agreement
- Buyer Relationship: Apraava Energy Private Limited does not belong to Promoter and Promoter group
- Transaction Type: Not a related party transaction
- Sale Nature: Not in the nature of slump sale
Krishnagiri REZ Transmission Limited Transaction
- Entity: Krishnagiri REZ Transmission Limited
- Project Purpose: Established for development of "Transmission System for integration of Krishnagiri REZ Phase-I"
- Buyer: Power Grid Corporation of India Limited
- Financial Contribution: Negligible turnover/revenue/income and net worth during last financial year
- Agreement Date: The process for sale and transfer was completed on 03.08.2026
- Completion Date: 03.08.2026
- Consideration: ₹19,82,02,754 (Rupees Nineteen Crore Eighty Two Lakh Two Thousand Seven Hundred Fifty Four Only) as per Share Purchase Agreement
- Buyer Relationship: Power Grid Corporation of India Limited does not belong to Promoter and Promoter group
- Transaction Type: Not a related party transaction
- Sale Nature: Not in the nature of slump sale
Transaction Framework
Both transactions were determined in accordance with Guidelines issued by the Ministry of Power, Government of India from time to time. The total consideration received for both SPVs amounts to ₹39,43,78,090.
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 document serves as a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding the completed subsidiary transfers.