Don’t miss the latest developments in business and finance.

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

Image
Capital Market
Last Updated : Feb 24 2022 | 9:31 AM IST

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.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Feb 24 2022 | 9:09 AM IST

Next Story