The day after Sandeep Kumar was appointed Director (Finance) of the compan by the government, shares of Power Finance Corporation (PFC) increased by more than 1.5% on July 12.
Before this appointment, he served as PFC’s Chief Financial Officer (CFO) and Executive Director (Finance) since January 1, 2020, the company stated in a statement.
“The Government of India appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), effective 11 July 2024,” PFC stated in a regulatory filing, adding that Sandeep Kumar has a remarkable career spanning over 34 years in the power and banking industries.
As of 11:25 am, Power Finance Corporation shares were trading 0.45% lower at ₹568.05.
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