Power Grid gets approval to merge transmission subsidiaries under two entities
Power Grid Corporation of India Limited has received regulatory approval to consolidate multiple wholly owned transmission subsidiaries into two entities, as part of a move to streamline its corporate structure. In a disclosure to the stock exchanges dated February 4, 2026, Power Grid said the Ministry of Corporate Affairs (MCA) approved two composite schemes of arrangement through orders issued on January 27, 2026. The schemes provide for the merger or amalgamation of seventeen wholly owned…