PFC divests TUMKUR II RE Transmission to Power Grid

Power Finance Corporation Ltd (PFC) has divested its wholly-owned subsidiary, TUMKUR II RE Transmission Limited, to Power Grid Corporation of India Limited for ₹15,46,38,881. The transaction, completed on May 29, 2026, involved the transfer of the special purpose vehicle (SPV) established for the 'Transmission System Strengthening at Tumkur-II for Integration of Additional RE Potential (1.5 GWw)'. The sale was conducted as per the Share Purchase Agreement and followed guidelines issued by the Ministry of Power, Government of India. The buyer is not part of the promoter group, and the transaction is not considered a related party transaction.