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Power Grid inches up on getting nod to acquire 74% stake in Jaypee Powergrid

15 Feb 2021 Evaluate

Power Grid Corporation Of India is currently trading at Rs. 213.50, up by 0.75 points or 0.35% from its previous closing of Rs. 212.75 on the BSE.

The scrip opened at Rs. 213.00 and has touched a high and low of Rs. 214.25 and Rs. 211.90 respectively. So far 7382 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.95 on 12-Feb-2021 and a 52 week low of Rs. 129.75 on 18-Mar-2020.

Last one week high and low of the scrip stood at Rs. 218.95 and Rs. 205.75 respectively. The current market cap of the company is Rs. 111302.07 crore.

The promoters holding in the company stood at 51.34%, while Institutions and Non-Institutions held 42.27% and 6.39% respectively.

Power Grid Corporation of India’s board has approved a proposal to acquire 74 percent stake of the joint venture partner in Jaypee Powergrid (JPL). JPL is a joint venture between Power Grid and Jaiprakash Power Ventures.

Post acquisition of the 74 percent stake, JPL would become a wholly-owned subsidiary of Power Grid. The acquisition would be completed within the current fiscal year. The proposal for the acquisition was approved by the board of Power Grid in a meeting on February 11, 2021.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.

Power Grid Corp Share Price

316.55 -2.75 (-0.86%)
06-May-2026 14:41 View Price Chart
Peers
Company Name CMP
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Power Grid Corp 316.55
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