Acquisitions30 March 2026 at 12:21 pm
Power Finance Corporation Ltd Transfers South Kalamb Power Transmission Limited to Adani Energy Solutions Limited
AI Summary
Power Finance Corporation Ltd has transferred its wholly owned subsidiary, South Kalamb Power Transmission Limited, to Adani Energy Solutions Limited. The subsidiary was previously owned by PFC Consulting Limited, another wholly owned subsidiary of Power Finance Corporation Ltd. The transfer was completed on 30th March, 2026, for a consideration of Rs. 12,53,27,500 as per the Share Purchase Agreement. The transaction does not fall under related party transactions and is not a slump sale. The consideration for the sale & transfer of SPVs is determined in accordance with the guidelines issued by the Ministry of Power, Government of India.
Key Highlights
- Power Finance Corporation Ltd transfers its wholly owned subsidiary, South Kalamb Power Transmission Limited, to Adani Energy Solutions Limited.
- The subsidiary was previously owned by PFC Consulting Limited, another wholly owned subsidiary of Power Finance Corporation Ltd.
- The transfer was completed on 30th March, 2026, for a consideration of Rs. 12,53,27,500 as per the Share Purchase Agreement.
- The transaction does not fall under related party transactions and is not a slump sale.
- The consideration for the sale & transfer of SPVs is determined in accordance with the guidelines issued by the Ministry of Power, Government of India.