Update on acquisition of 100% equity stake of Kandla GHA Transmission Limited

Deal CancelledStrategic Transactions View source PDF

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-0.2%1-day move

₹1438.70

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₹1436.30

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AI summary

Reliance Industries' planned acquisition of Kandla GHA Transmission Limited (KGTL) has fallen through. PFC Consulting Limited annulled the bidding process and informed Reliance on May 6, 2026. The company will not be acquiring any stake in KGTL. This reverses the board's earlier approval from April 2025, which had cleared the purchase of 100% equity for a maximum consideration of Rs. 20 crore. The deal is officially cancelled.

Likely market impact

Minimal financial impact on Reliance since the deal size was relatively small at up to Rs. 20 crore. No new transmission assets will be added to the company's portfolio as a result of this annulment.