Acquisitions13 Feb 2026, 02:18 pm
Maithan Alloys Acquires 0.01% Stake in Power Finance Corporation for Rs. 19.96 Crore
AI Summary
Maithan Alloys Ltd has acquired 485200 shares of Power Finance Corporation Ltd through the stock exchange on 12th February, 2026. This acquisition represents 0.01% of the shareholding and has been made as part of Maithan Alloys' investment strategy. The total cost of acquisition is Rs. 19.96 Crore. Power Finance Corporation is a Schedule-A Maharatna Company under the administrative control of the Ministry of Power, with a significant market share in the infrastructure finance sector.
Key Highlights
- Maithan Alloys acquires 0.01% stake in Power Finance Corporation
- Total cost of acquisition is Rs. 19.96 Crore
- Acquisition made through the stock exchange on 12th February, 2026
- Power Finance Corporation is a Schedule-A Maharatna Company under the Ministry of Power
- Power Finance Corporation is a leading Non-Banking Financial Corporation with around 20% market share