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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