Power Finance Corporation (PFC) has transferred its wholly-owned subsidiary, Mandsaur I RE Transmission Limited, to Power Grid Corporation of India Limited on October 8, 2025. The sale consideration was ₹7,29,72,162. This transfer involves the development of transformation capacity and implementation of line bays at Mandsaur S/s for RE Interconnection. The transfer was completed on October 8, 2025.
Transfer of Mandsaur I RE Transmission
Power Finance Corporation (PFC) has announced the transfer of its wholly-owned subsidiary, Mandsaur I RE Transmission Limited, to Power Grid Corporation of India Limited. The transfer was completed on October 8, 2025.
Details of the Transaction
Mandsaur I RE Transmission Limited was established for the development of “Augmentation of transformation capacity & Implementation of line bays at Mandsaur S/s for RE Interconnection”. The key details of the transaction are as follows:
The contribution of Mandsaur I RE Transmission Limited to the turnover, revenue, or income and net worth of PFC during the last financial year was negligible.
The consideration received from the sale/disposal is ₹7,29,72,162 as per the Share Purchase Agreement.
Buyer Information
The successful bidder and buyer is Power Grid Corporation of India Limited. According to the company’s statement, Power Grid Corporation does not belong to the promoter or promoter group.
Nature of Transaction
The proposal for sale and transfer of the wholly-owned subsidiary of PFC Consulting Limited, to the successful bidder is not in the nature of a slump sale. The consideration for the sale & transfer of SPVs is determined by the Ministry of Power, Government of India.
Source: BSE
