# Power Grid Corporation to buy IL&FS Energy's stake in CPTCL

Power Grid Corporation of India (PGCIL) will acquire IL&FS Energy Development Company's (IEDCL) 77,30,225 shares in Cross Border Power Transmission Company Limited (CPTCL). The board approved the proposal on May 1, 2022.

- Type: Acquisition
- Announced: 2022-05-01
- Where: Mohanlalganj, Lucknow, Uttar Pradesh, India
- Status: announced
- Products: 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)
- [IL&FS Energy Development Company](https://endata.com/companies/62643.md) (target)
- [Cross Border Power Transmission Company Limited](https://endata.com/companies/62644.md) (target)
- [Mohanlalganj Transmission Limited](https://endata.com/companies/63201.md) (target)

## Sources

- [navbharattimes.indiatimes.com](https://navbharattimes.indiatimes.com/business/business-news/power-grid-to-buy-ilfs-energys-stake-in-cptcl/articleshow/91265637.cms), 2022-05-02: "सार्वजानिक क्षेत्र की कंपनी पावर ग्रिड कॉरपोरेशन (पीजीसीआईएल), क्रॉस बॉर्डर पावर ट्रांसमिशन कंपनी लिमिटेड (सीपीटीसीएल) में आईएलएंडएफएस एनर्जी डेवलपमेंट कंपनी लिमिटेड (आईईडीसीएल) की हिस्सेदारी खरीदेगी।"
- [tndindia.com](https://www.tndindia.com/pgcil-to-acquire-iedcls-stake-in-cross-border-power-transmission-co/), 2022-05-03: "The board of Power Grid Corporation of India Ltd (PGCIL) has approved a proposal to purchase around 77.30 lakh equity shares currently held by IL&FS Energy Development Company Ltd (IEDCL) in Cross Border Power Transmission Company Ltd."
- [powerline.net.in](https://powerline.net.in/2022/06/01/powergrid-acquires-mohanlalganj-transmission-for-over-rs-91-1-million/), 2022-06-01: "Power Grid Corporation of India Limited (Powergrid) has acquired Mohanlalganj Transmission Limited (MTL) in Uttar Pradesh for over Rs 91.1 million."

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