Power Finance Corporation (PFC) rallied 5.99% to Rs 383 after the company sold its subsidiary, Solapur Transmission to Torrent Power for Rs 6.53 crore.
Solapur Transmission is a wholly owned subsidiary of PFC Consulting, it was established for the development of transmission system for evacuation of power from RE projects in Solapur (1,500 MW) SEZ in Maharashtra.
The power finance company concluded the sale of the special purpose vehicle (SPV) on Wednesday, 20 March 2024.
