Power Grid Corporation Of India Ltd.

BSE: 532898 | NSE: POWERGRID
Large Cap | Power Generation/Distribution
263.55
5.65 (2.19%)
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Power Grid secures approval to transfer 26% residual equity stake in 4 associate companies

Date: 07-11-2024

Power Grid Corporation of India has received an approval for the proposal to sell, assign, transfer 26% residual equity shareholding in four associate companies viz. POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission, held by the Company to POWERGRID Infrastructure Investment Trust (PGInvIT). 

The Board of Directors of the company at its meeting held on November 06, 2024, has considered and approved the same. 

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