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

Deal CancelledStrategic Transactions View source PDF

RELIANCE · price

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₹1438.70

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₹1436.70

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AI summary

Reliance Industries has announced that its planned acquisition of 100% equity stake in Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited has been cancelled. The company received a letter from PFC on May 6, 2026, informing the annulment of the bidding process. Originally, the acquisition was approved for an aggregate consideration not exceeding Rs. 20 crore. As a result, Reliance will not be acquiring any stake in KGTL.

Likely market impact

The cancelled deal is unlikely to materially impact Reliance's financials as it was a relatively small transaction (Rs. 20 crore). However, it represents a missed opportunity in the power transmission sector.