POWER FINANCE CORPORATION LTD. - 532810 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Disclosure pursuant to Regulation 30 of SEBI (LODR) 2015, News Paper Publication pursuant to Order dated 26.12.2018 of Ministry of Corporate Affairs, New Delhi. PFC allays investor fears, says REC acquisition deal size not finalised yet
On 20 December, PFC's board gave in-principle approval to the acquisition of REC POWER FINANCE CORPORATION LTD. - 532810 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
PFC's statement w.r.t. Cabinet Decision on 6th December 2018 - In Principle approval for PFC acquiring entire Govt stake in REC POWER FINANCE CORPORATION LTD. - 532810 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for The President of India POWER FINANCE CORPORATION LTD. - 532810 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Asset Management Company Ltd POWER FINANCE CORPORATION LTD. - 532810 - Transfer Of A Wholly Owned Subsidiary Of PFC Consulting Limited
PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited) has transferred Obra-C Badaun Transmission Limited (a wholly owned subsidiary of PFC Consulting Limited) established for development of 'Transmission System for Evacuation of power from Obra-C (2x660 MW) Thermal Power Project & Construction of 400 kV GIS Substation Badaun with associated Transmission Lines' to Adani Transmission Limited, the successful bidder. Power Finance Corporation Ltd - 532810 - Outcome of Board Meeting
Board of Directors of Power Finance Corporation Ltd. in its meeting held today i.e. 20th December, 2018 has approved following in regard to strategic sale of Government of India Equity Shareholding in REC Limited to Power Finance Corporation Limited: Granted 'in-principle' approval, subject to the provisions of Section 186 and other applicable provisions of the Companies Act, 2013, applicable Securities & Exchange Board of India Regulations and further subject to such necessary approvals, permissions and sanctions, as may be required, pursuant to the decision of the Cabinet Committee on Economic Affairs as conveyed by Department of Investment and Public Asset Management, Ministry of Finance, Government of India O.M. dated 11th December, 2018 and pursuant to approval of the related party transaction by Audit Committee in its meeting held on 20th December, 2018 in accordance with the provision of Section 177 of Companies Act 2013, to purchase Government of India's(GOI) entire shareholding in REC along with transfer of Management Control and to take all other steps/actions as may be required in accordance with SEBI(Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Authorized Company Secretary, pursuant to Articles of Association, to affix the Common Seal of the Company, if required, on such documents, agreements, papers and undertakings as may be required.' Authorised issuance of power of attorney to Company Secretary to sign, execute and admit for execution any of the documents if so required.' Ratified signing of 'Non-Disclosure and Confidentiality Agreement' on 18th December, 2018 with REC by Company Secretary, PFC. Authorized 'Investment Committee of Directors', subject to... Announcement under Regulation 30 (LODR)-Credit Rating
Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 Announcement under Regulation 30 (LODR)-Credit Rating
Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. PFC plans to borrow Rs 7,000 crore from domestic banks to fund REC deal
It is not expected to raise funds through issue of shares this year as the borrowings along with internal resources and several other steps will enable the firm to fund the Rs 14,000 crore buyout as well as manage the capitalisation issue.