Power Grid Corporation of India Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Awaiting price reaction for this filing.
On 19th May 2025, the Board of Power Grid Corporation of India approved in-principle the sale of its entire stake and exit from two joint ventures: Torrent Power Grid Limited (a JV with Torrent Power Limited) and Sikkim Power Transmission Limited (a JV with Sikkim Urja Limited). The disclosure was filed with NSE and BSE under SEBI's Regulation 30 listing rules. No financial details such as deal value, buyer, or timeline have been shared in this announcement. The company has stated that further developments on these exits will be communicated in due course. Both JVs operate in the power transmission space, so the exits reflect a move to streamline portfolio holdings.
The exits are only at the in-principle approval stage with no disclosed deal value, so the immediate impact on the stock or shareholders is limited. Investors should track follow-up filings for actual sale proceeds, which could provide a one-time cash inflow or affect consolidated earnings from these JVs.