Maithan Alloys Expands Portfolio with ₹59.7 Million Stake in Power Finance Corporation

Maithan Alloys Ltd has further strengthened its investment portfolio by acquiring equity shares of Power Finance Corporation (PFC) for ₹59.7 million. This latest acquisition, completed on February 21, 2025, follows a series of strategic investments by the company in the power and financial sectors. The move aligns with Maithan Alloys' diversification strategy, targeting both short-term and long-term investment gains. While the exact number of shares acquired in this transaction was not specified, it builds upon previous PFC share purchases, including 115,337 shares acquired on February 12, 2025, for ₹43.3 million. This investment underscores Maithan Alloys' confidence in PFC's role in India's energy and infrastructure development.

 

Source: Maithan Alloys Ltd Corporate Announcement