Divestment27 May 2026, 01:06 pm
PFC: NERGS III Siang Basin Transmission Divestment
AI Summary
Power Finance Corporation Ltd (PFC) announced the transfer of its wholly-owned subsidiary, NERGS III Siang Basin Transmission Limited, to Dineshchandra R. Agrawal Infracon Private Limited on May 26, 2026. The consideration received from the sale/disposal is ₹19,70,61,135. The transaction is not considered a related party transaction or a slump sale. The consideration for the sale and transfer of SPVs is determined by the Ministry of Power, Government of India guidelines.
Key Highlights
- PFC divests NERGS III Siang Basin Transmission Limited.
- Subsidiary transferred to Dineshchandra R. Agrawal Infracon Private Limited on May 26, 2026.
- Consideration received from the sale is ₹19,70,61,135.
- Transaction is not a related party transaction or slump sale.
- Sale consideration determined by Ministry of Power guidelines.
Price Impact
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