Board of Power Grid approves transfer of stake and right on additional revenue in favour of PGInvIT

Capital Market 

At meeting held on 23 February 2022

The Board of Power Grid Corporation of India at its meeting held on 23 February 2022 has approved (i) transfer of 26% residual equity shareholding in POWERGRID Vizag Transmission to PGInvIT and (ii) relinquishment of POWERGRID's right on additional revenue accruing to POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission under change in law to PGInvIT against upfront consideration.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, February 24 2022. 09:09 IST
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