Deals22 Aug 2024, 11:08 pm
Power Finance Corporation Ltd. Transfers Sirohi Transmission Limited & Beawar-Mandsaur Transmission Limited to Power Grid Corporation of India Ltd.
AI Summary
Power Finance Corporation Ltd. has transferred two wholly owned subsidiaries of PFC Consulting Limited, Sirohi Transmission Limited and Beawar-Mandsaur Transmission Limited, to Power Grid Corporation of India Ltd. The agreement for sale was entered into on 22nd August, 2024. The sale/disposal process was completed on the same date. The consideration received from the sale is Rs. 18,73,90,089/- for Sirohi Transmission Limited and Rs. 18,58,24,149/- for Beawar-Mandsaur Transmission Limited. The successful bidder, Power Grid Corporation of India Ltd., does not belong to the promoter/promoter group.
Key Highlights
- Power Finance Corporation Ltd. transfers two subsidiaries to Power Grid Corporation of India Ltd.
- Transaction completed on 22nd August, 2024.
- Consideration received: Rs. 18,73,90,089/- for Sirohi Transmission Limited and Rs. 18,58,24,149/- for Beawar-Mandsaur Transmission Limited.
- The successful bidder, Power Grid Corporation of India Ltd., does not belong to the promoter/promoter group.