General Announcement::Receipt of RBI's NOC for setting up of a Finance Company by PFC in IFSC GIFT City Gujarat

Issuer & Securities

Issuer/ Manager
POWER FINANCE CORPORATION LIMITED
Securities
POWERFIN EUR300M1.841%N280921 - XS2384373341 - WU6B
POWERFIN US$400M3.75%N271206 - XS1725342288 - 8CRB
POWERFIN US$300M5.25%N280810 - XS1864036576 - XA7B
POWERFIN US$500M6.15%N281206A - US73928QAA67 - KKMB
POWERFIN US$400M3.75%N240618 - XS2009878880 - VVEB
POWERFIN US$600M4.5%N290618 - XS2013531061 - V1JB
POWERFIN US$300M3.25%N240916 - XS2049301042 - VLXB
POWERFIN US$450M3.9%N290916 - XS2051369671 - 96QB
POWERFIN US$750M3.95%N300423A - US73928QAB41 - WA1B
POWERFIN US$750M3.95%N300423R - US73928RAB24 - YNJB
POWERFIN US$500M3.35%N310516 - XS2282240907 - ONYB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
11-Jan-2024 13:43:33
Status
New
Announcement Sub Title
Receipt of RBI's NOC for setting up of a Finance Company by PFC in IFSC GIFT City Gujarat
Announcement Reference
SG240111OTHRATQ9
Submitted By (Co./ Ind. Name)
Akhil Sharma
Designation
Deputy Manager
Effective Date and Time of the event
09/01/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
It is to inform that PFC is in receipt of No Objection letter dt. 09th January 2024 from Reserve Bank of India (RBI) for setting up of a Finance Company (as a wholly owned subsidiary) in International Financial Services Centre (IFSC) situated in GIFT City, Gujarat.
PFC's entry into the IFSC is expected to open up new business opportunities and establish PFC's global presence.
This is submitted for your information, record and further dissemination.

Attachments

2024-01-09 RBI Letter - NOC for setting up of finance company by PFC.pdf
Total size =364K