PFC Divests Three Subsidiaries for ₹58.47 Cr Total
Power Finance Corporation Ltd (PFC) has announced the transfer of three wholly-owned subsidiaries: Jam Khambhaliya REZ Transmission Limited, Lakadia C Power Transmission Limited, and Lakadia A Power Transmission Limited. These subsidiaries were transferred to their respective successful bidders on October 12, 2026. Power Grid Corporation of India Limited acquired Jam Khambhaliya REZ Transmission Limited and Lakadia C Power Transmission Limited for ₹19.22 Crores and ₹19.94 Crores respectively. AnantGrid Projects One Private Limited acquired Lakadia A Power Transmission Limited for ₹19.32 Crores. The total consideration for these three divestments amounts to ₹58.47 Crores. PFC stated that these transactions do not fall within the purview of related party transactions and are not in the nature of a slump sale.
Key Highlights
- PFC divested three wholly-owned subsidiaries on October 12, 2026.
- Total consideration received from the sale of three SPVs is ₹58.47 Crores.
- Power Grid acquired two subsidiaries for ₹19.22 Cr and ₹19.94 Cr.
- AnantGrid Projects acquired one subsidiary for ₹19.32 Cr.
- Transactions are not related party or slump sale.
Price Impact
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