# 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.

- Type: Acquisition
- Announced: 2021-03-20
- Where: India
- Value: $47.0M (3.52B INR)
- Status: announced
- Products: power transmission services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Power Grid Corporation of India](https://endata.com/companies/4691.md) (acquirer)
- [Jaiprakash Power Ventures](https://endata.com/companies/35503.md) (target)
- [Jaypee Powergrid](https://endata.com/companies/53943.md) (target)

## Sources

- [livemint.com](https://www.livemint.com/companies/news/pgcil-to-acquire-74-stake-in-jv-jaypee-powergrid-for-rs351-64-crore-11616220649972.html), 2021-03-20: "Board of Directors of the company, in its 131st Meeting held on 2nd March, 2021 has approved disinvestment of 74% shareholding in Jaypee Powergrid."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.