Power Finance Corporation Limited announced that In continuation of its earlier communication dated January 9, 2024 regarding receipt of No Objection letter dated January 9, 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, the company would like to inform that pursuant to above, 'PFC Infra Finance IFSC Limited' has been incorporated as a wholly owned subsidiary of Power Finance Corporation Limited on February 11, 2024.