{"id":481382,"date":"2022-04-02T08:19:56","date_gmt":"2022-04-02T02:49:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=481382"},"modified":"2022-04-02T08:48:34","modified_gmt":"2022-04-02T03:18:34","slug":"pgcil-transfers-26-stake-in-powergrid-vizag-transmission-for-rs-330-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pgcil-transfers-26-stake-in-powergrid-vizag-transmission-for-rs-330-cr\/","title":{"rendered":"PGCIL transfers 26% stake in Powergrid Vizag Transmission for Rs 330 cr"},"content":{"rendered":"<p>State-owned Power Grid Corporation of India (PGCIL) has transferred its remaining 26 per cent stake shareholding in Powergrid Vizag Transmission Ltd to infrastructure investment trust PGlnvlT for a consideration of about Rs 330 crore.<\/p>\n<p>Also, the company has relinquished its right of additional revenue in its subsidiaries<\/p>\n<p>in favour of PGInvIT against a consideration of about Rs 304 crore.<\/p>\n<p>&#8220;Power Grid has transferred balance 26 per cent equity shareholding of Power Grid Vizag Transmission Ltd (PVTL) to PGlnvlT on 31st March, 2022, at a consideration of Rs 330,78,44,638 after adjustments of dividend received by Power Grid from PVTL. With this, Power Grid has nil shareholding in PVTL,&#8221; a BSE filing said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Power Grid Corporation of India (PGCIL) has transferred its remaining 26 per cent stake shareholding in Powergrid Vizag Transmission Ltd to infrastructure investment trust PGlnvlT for a consideration of about Rs 330 crore. Also, the company has relinquished its right of additional revenue in its subsidiaries in favour of PGInvIT against a consideration of about Rs 304 crore. &#8220;Power Grid has transferred balance 26 per cent equity shareholding of Power Grid Vizag Transmission Ltd (PVTL) to PGlnvlT on 31st March, 2022, at a consideration of Rs 330,78,44,638 after adjustments of dividend received by Power Grid from PVTL. With this, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-481382","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/481382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=481382"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/481382\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=481382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=481382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=481382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}