Subsidiary2 Jun 2026, 03:49 pm
PFC Dissolves 3 Wholly Owned Subsidiaries
AI Summary
Power Finance Corporation Ltd (PFC) has announced the striking off and dissolution of three of its wholly owned subsidiaries: Deoghar Infra Limited, Deoghar Mega Power Limited, and Jharkhand Infrapower Limited. These subsidiaries, incorporated as Special Purpose Vehicles (SPVs) under the Companies Act, 1956, were not material to PFC's operations. The Ministry of Power approved their closure on November 27, 2025, and the Registrar of Companies officially struck them off effective June 1, 2026.
Key Highlights
- PFC's three wholly owned subsidiaries have been dissolved.
- The subsidiaries were non-material SPVs incorporated under the Companies Act, 1956.
- Closure was approved by the Ministry of Power and Registrar of Companies.
- Dissolution is effective from June 1, 2026.
Price Impact
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