Power Grid to Sell CTUIL Stake to GRID-INDIA for ₹73.46 Cr

Power Grid Corporation of India Limited (POWERGRID) announced its Board of Directors has approved the sale and transfer of its entire equity shares in its wholly-owned subsidiary, Central Transmission Utility of India Limited (CTUIL), to Grid Controller of India Limited (GRID-INDIA). The transaction involves an initial payment of ₹73.46 crore, calculated after adjusting the Net Asset Value of ₹76.85 crore as of September 30, 2026, with Specified Liability Deductions of ₹3.39 crore. An additional 'true-up' amount will be determined based on valuation from the valuation date to the closing date, which is within three months of signing the Share Purchase Agreement (SPA). Further details as per SEBI Master circular will be provided upon transaction completion.