(09-Aug-2016 Hours IST)
Power Finance Corporation Ltd has informed BSE that the Board of Directors of the Company in its meeting held on August 09, 2016, have considered and in-principle approved Merger of PFC Green Energy Limited (PFC GEL), a wholly owned subsidiary of the Company with PFC. Power Finance Corporation Ltd has informed BSE about Outcome of Board Meeting held on September 29, 2017. (As Per BSE Announcement Dated On 03/10/2017) Power Finance Corporation Limited has informed the Exchange that Scheme of Arrangement in term of SEBI Notification No. SEBI/LAD/NRO/GN/2016-17/029 dated 15th February, 2017 (As Per NSE Dated on 27.04.2018) 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. (As Per BSE Announcement Dated on 31.12.2018) In terms of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our earlier disclosure in this regards, We Power Finance Corporation Limited (Transferee Company), do hereby inform that Hon'ble Ministry of Corporate Affairs, New Delhi, vide its order dated 07.02.2019, has approved the amalgamation of PFC Green Energy Limited ( Transferor Company and Wholly owned subsidiary of PFC) with Power Finance Corporation Limited (PFC) under the provision of Section 230 - 232 of the Companies Act, 2013 read with Ministry of Corporate Affairs Notification No. G.S.R. 582 (E), Dated 13.06.2017. (As Per BSE Announcement Dated 08.02.2019)
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