Reliance Infra sells 74% stake in PKTCL worth Rs 900 cr to IndiGrid

The deal was announced in November 2020

Reliance Infrastructure Limited (RInfra) on Saturday said it has completed the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of Rs 900 crore.

RInfra owned 74 per cent in Parbati Koldam Transmission Company Limited (PKTCL) located in the state of Himachal Pradesh and Punjab in a joint venture with Power Grid Corporation of India Limited (PGCIL).

The deal, which was announced in November 2020, has now been completed with the transfer of shares of PKTCL and receipt of sale consideration, said a press