REC Ltd Divests Jalna Power Transmission SPV for ₹3.21 Cr

REC Ltd, through its wholly-owned subsidiary REC Power Development and Consultancy Limited (RECPDCL), has divested its entire shareholding in Jalna Power Transmission Limited. The transfer, completed on June 12, 2026, involved 50,000 equity shares at par value, along with all associated assets and liabilities. The consideration received was ₹3,21,57,839 (including taxes), which covers acquisition price, professional fees, and expense reimbursements. The buyer, Maharashtra State Electricity Transmission Company Limited, was selected through a tariff-based competitive bidding process and is not a promoter group entity. This transaction is not considered a related party transaction or a slump sale.