Powergrid Corporation of India updates on transaction with PGInvIT

The Board of Directors of POWERGRID in their meeting held today i.e. 23rd February, 2022 have approved

(i) transfer of 26% residual equity shareholding in POWERGRID Vizag Transmission Limited to PGInvIT and

(ii) relinquishment of POWERGRID's right on additional revenue accruing to POWERGRID Parli Transmission Limited, POWERGRID Warora Transmission Limited and POWERGRID Jabalpur Transmission Limited under change in law to PGInvIT against upfront consideration.

Shares of Power Grid Corporation of India Limited was last trading in BSE at Rs. 198.10 as compared to the previous close of Rs. 198.10. The total number of shares traded during the day was 86473 in over 1178 trades.

The stock hit an intraday high of Rs. 199.45 and intraday low of 197.75. The net turnover during the day was Rs. 17178228.00.

Source : Equity Bulls

Keywords

PowerGridCorporationofIndia INE752E01010 PGInvIT