Date: 28.09.2026
Disinvestment / Strategic Actions
Power Finance Corporation Ltd (PFC) announces the completion of sale and transfer of two wholly-owned subsidiary companies of PFC Consulting Limited (which is itself a wholly-owned subsidiary of PFC).
Latur REZ Transmission Limited Transaction
- Entity Sold: Latur REZ Transmission Limited
- Project Purpose: Established for the development of "Establishment of 400/220/132 kV AIS Latur"
- Buyer: Montecarlo Energy Limited
- Transaction Completion Date: 28.09.2026
- Consideration: ₹3,71,81,895/- (Rupees Three Crore Seventy One Lakh Eighty One Thousand Eight Hundred and Ninety Five Only) as per Share Purchase Agreement
- Financial Contribution: Negligible turnover/revenue/income and net worth during last financial year
- Buyer Relationship: Does not belong to Promoter and Promoter group
- Transaction Type: Not a related party transaction, not a slump sale
Raigad Power Transmission Limited Transaction
- Entity Sold: Raigad Power Transmission Limited
- Project Purpose: Established for the development of "Establishment of 765/400/220 kV AIS Kandalgaon (Dist. Raigad)"
- Buyer: Apraava Energy Private Limited
- Transaction Completion Date: 28.09.2026
- Consideration: ₹7,40,55,693/- (Rupees Seven Crore Forty Lakh Fifty Five Thousand Six Hundred Ninety Three Only) as per Share Purchase Agreement
- Financial Contribution: Negligible turnover/revenue/income and net worth during last financial year
- Buyer Relationship: Does not belong to Promoter and Promoter group
- Transaction Type: Not a related party transaction, not a slump sale
Transaction Process
Both transactions were completed through a competitive bidding process in accordance with Guidelines issued by the Ministry of Power, Government of India. The consideration for sale and transfer of both SPVs was determined in accordance with these guidelines.