PGCIL signs agreement to acquire 74% stake in Jaiprakash Power Ventures Limited
NEW DELHI: Power Grid Corporation of India Limited (POWERGRID Or PGCIL), a Maharatna PSE under Ministry of Power, Government of India has signed a Share Purchase Agreement with Jaiprakash Power Ventures Limited (JPVL) to acquire 74% stake in Jaypee Powergrid Limited-JV (JPL) in which POWERGRID holds 26% equity. JPL will become a wholly owned subsidiary […]