Power Grid Corporation Of India Ltd.

Reserve Bank of India (RBI) has notified that the foreign share holding by Foreign Institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs) in Power Grid Corporation of India have gone below the prescribed threshold caution limit stipulated under the extant FDI Policy. Accordingly, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Therefore equity shares of Power Grid Corporation of India can now be purchased through primary market and stock exchanges.

Power Grid Corporation of India is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems.