Date: 01st November, 2026
Disinvestment / Strategic Actions
Power Grid Corporation of India Limited (POWERGRID) has received Board approval to sell and transfer its entire equity shareholding in Central Transmission Utility of India Limited (CTUIL), which is a wholly owned subsidiary of POWERGRID, to Grid Controller of India Limited (GRID-INDIA).
The purchase price consists of two components:
- Initial payment of ₹73.46 crore (after adjusting Net Asset Value of ₹76.85 crore as on valuation date of 30th September, 2026 with Specified Liability Deductions of ₹3.39 crore)
- True up amount to be determined based on valuation for the period from 30th September, 2026 (valuation date) to the closing date
The closing date is defined as the date falling within 3 months from the date of signing of the Share Purchase Agreement (SPA).
Additional details as specified under SEBI Master circular dated 30th January, 2026 will be provided upon completion of the entire transaction.