The government is considering issuing preference shares or new equity to maintain a 51% ownership stake in PFC following the merger with REC, as part of the restructuring plan announced in the FY27 budget aiming to boost scale and efficiency within public sector Non-Bank Financial Companies.
Power Finance Corporation Limited
PFCRecent Discussions
Power Finance Corporation Ltd assures no disruption in bond payments despite the recent holiday delay, ensuring both interest and principal were paid according to SEBI regulations. The scheduled interest payment, originally due April 3rd, was processed a day later on April 4th.
Power Finance Corporation assures compliance with SEBI regulations regarding the usage of proceeds from listed commercial papers. They have disclosed information about the issued and outstanding commercial papers in Q4, including relevant ISIN codes and maturity dates, as reported on the BSE.
Adani Energy has acquired Power Finance Corp's subsidiary, South Kalamb Power Transmission, in a deal worth ₹12.53 crore. The transaction is an arms-length deal, not classified as a slump sale, involving a unit with minimal revenue contributions.