Power Grid to acquire balance 74% stake in JV Jaypee PowerGrid
For consideration of Rs 351.64 crore
Power Grid Corporation of India has signed a share purchase agreement with Jaiprakash Power Ventures (JPVL) on 19 March 2021 for acquisition of 74% stake of JPVL in Jaypee PowerGrid at an aggregate consideration of Rs 351.64 crore.On completion of the transaction, JPL will become a wholly owned subsidiary of Power Grid.
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