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Power Grid Corporation of India Limited has acquired 77,30,225 equity shares of IL&FS Energy Development Company Limited in Cross Border Power Transmission Company Limited (CPTCL), raising its stake to 42%. The acquisition, valued at approximately ₹14.73 crore, aligns with Power Grid's strategy to bolster its position in the Indo-Nepal power transmission sector. CPTCL focuses on the Muzaffarpur-Dhalkebar transmission line project, enhancing operational efficiencies and market presence. This move is part of a broader divestment plan by IL&FS, which aims to maintain proportional shareholding among existing investors.
All announcements from Power Grid Corporation of India Limited