PGCIL to acquire 74% stake in Jaypee Powergrid for Rs351.64 crore

Power Grid Corporation of India Ltd (PGCIL) signed an agreement to acquire a 74% stake in Jaypee Powergrid Ltd from Jaiprakash Power Ventures Ltd for Rs351.64 crore, making it a wholly-owned subsidiary.

“Board of Directors of the company, in its 131st Meeting held on 2nd March, 2021 has approved disinvestment of 74% shareholding in Jaypee Powergrid.”livemint.com

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• livemint.comPGCIL to acquire 74% stake in JV Jaypee Powergrid for Rs351.64 croreRajendra SaxenaMar 20, 2021

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