# PGCIL to acquire 74% stake in Jaypee Powergrid for Rs 351.64 crore

Power Grid Corporation of India Limited signed an agreement with Jaiprakash Power Ventures Limited to acquire a 74% stake in Jaypee Powergrid Limited for Rs 351.64 crore. Jaypee Powergrid operates a 214 km EHV power transmission project in Himachal Pradesh.

- Type: Acquisition
- Announced: 2021-05-09
- Where: Himachal Pradesh, India
- Value: $48.0M (3.52B INR)
- Status: announced
- Products: EHV power transmission
- 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

- [projectxindia.com](https://projectxindia.com/2021/05/09/pgcil-signs-up-with-jpvl-to-acquire-74-per-cent-stake-in-jaypee-powergrid/), 2021-05-09: "The Power Grid Corporation of India Limited (PGCIL) has recently signed an agreement with Jaiprakash Power Ventures Limited (JPVL) to acquire 74% stake in Jaypee Powergrid Limited for Rs 351.64 crore."

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