Power Finance Corporation Limited (PFC) announced the successful transfer of its wholly-owned subsidiary, South Kalamb Power Transmission Limited (SKPTL), to the successful bidder, Adani Energy Solutions Limited. The sale and transfer process was officially completed on March 30, 2026. The consideration received for the disposal amounted to Rs. 12,53,27,500/- (Twelve Crore Fifty-Three Lakh Twenty-Seven Thousand Five Hundred only). The transaction was determined in accordance with the Guidelines issued by the Ministry of Power.
Completion of Subsidiary Sale and Transfer
Power Finance Corporation Ltd. (PFC) has informed the stock exchanges regarding the finalization of the transfer of one of its wholly-owned subsidiaries. The entity sold was South Kalamb Power Transmission Limited (SKPTL), which was previously a subsidiary of PFC Consulting Limited, itself a wholly-owned subsidiary of PFC.
The successful bidder for SKPTL, which was established for the development of the “Network Expansion Scheme for drawal of power at South Kalamb S/s: Part A,” is Adani Energy Solutions Limited.
Key Transaction Details
The entire process for the sale and transfer of the Special Purpose Vehicle (SPV) was completed on March 30, 2026.
- Transaction Consideration: The consideration received from the sale/disposal was Rs. 12,53,27,500/- (Rupees Twelve Crore Fifty-Three Lakh Twenty-Seven Thousand Five Hundred only), as detailed in the Share Purchase Agreement.
- Impact on Turnover/Revenue: The amount and percentage of turnover, revenue, income, and net worth contributed by SKPTL to PFC during the last financial year were reported as Negligible.
Buyer and Transaction Nature
The successful bidder, Adani Energy Solutions Limited, does not belong to the Promoter or Promoter group of PFC.
PFC confirmed that the transaction does not fall within the purview of related party transactions and is executed at an “arm’s length” basis.
Furthermore, the transaction is not in the nature of a Slump Sale. The final consideration for the sale and transfer was determined following the Guidelines issued by the Ministry of Power, Government of India.
The document concludes with the confirmation that this information is for the kind information and dissemination of all concerned parties.
Source: BSE
