{"id":489026,"date":"2022-05-04T12:21:08","date_gmt":"2022-05-04T06:51:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=489026"},"modified":"2022-05-04T12:21:08","modified_gmt":"2022-05-04T06:51:08","slug":"power-grid-to-acquire-iedcls-stake-in-cptcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-grid-to-acquire-iedcls-stake-in-cptcl\/","title":{"rendered":"Power Grid to acquire IEDCL\u2019s stake in CPTCL"},"content":{"rendered":"<p>Power Grid Corporation of India (Power Grid) has received board approvals to acquire 77.30 lakh shares held by IL&amp;FS Energy Development Company (IEDCL) in Cross Border Power Transmission Company (CPTCL).<\/p>\n<p>IEDCL holds a 38% stake in CPTCL (totalling to 1.85 crore shares), while the remaining is held by joint venture partners Powergrid (26%), Satluj Jal Vidyut Nigam (26%) and Nepal Electricity Authority (10%).This acquisition of over 77.30 lakh shares, approved by the Power Grid\u2019s board, amounts to divestment of nearly 43% stake (of the 38%) held by IEDCL in CPTCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Grid Corporation of India (Power Grid) has received board approvals to acquire 77.30 lakh shares held by IL&amp;FS Energy Development Company (IEDCL) in Cross Border Power Transmission Company (CPTCL). IEDCL holds a 38% stake in CPTCL (totalling to 1.85 crore shares), while the remaining is held by joint venture partners Powergrid (26%), Satluj Jal Vidyut Nigam (26%) and Nepal Electricity Authority (10%).This acquisition of over 77.30 lakh shares, approved by the Power Grid\u2019s board, amounts to divestment of nearly 43% stake (of the 38%) held by IEDCL in CPTCL.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-489026","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489026","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=489026"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489026\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=489026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=489026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=489026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}