Author: Power Peak Digest Team Pub Date: January 21, 2025

Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL).

This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. 

CPTCL is a joint venture focused on implementing the Indian portion of the 400 kV Muzaffarpur-Dhalkebar Indo-Nepal cross-border transmission line.

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