Power Finance Forms New Step-Down Subsidiary

MT Newswires Live

2024-11-20

Power Finance Corporation (NSE:PFC, BOM:532810) has incorporated a special purpose vehicle named MEL Power Transmission as a step-down subsidiary of the company, according to a Wednesday filing to the stock exchanges

The new entity is a wholly-owned subsidiary of PFC Consulting, which is wholly owned by Power Finance.

Shares of the company were up over 2% in recent trade.

Price (INR): ₹469.00, Change: ₹+9.8, Percent Change: +2.13%

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