Board approves sale of entire CTUIL equity holding to GRID-INDIA; initial payment ₹73.46 crore
POWERGRID's Board, at its meeting on 01st November, 2026, approved selling and transferring the entire equity shares it holds in Central Transmission Utility of India Limited (CTUIL), a wholly owned subsidiary.
By ScoutQuest · · 1 min read
- Initial Payment
- ₹73.46 crore
- Net Asset Value as on 30th September, 2026
- ₹76.85 crore
- Specified Liability Deductions
- ₹3.39 crore
What the Board approved
- At its meeting on 01st November, 2026, the Board of POWERGRID approved the sale and transfer of the entire equity shares held by POWERGRID in Central Transmission Utility of India Limited (CTUIL) to Grid Controller of India Limited (GRID-INDIA).
- CTUIL is described as a wholly owned subsidiary of POWERGRID, so the transaction covers the whole of POWERGRID's holding in it.
How the purchase price is built
- Initial payment: ₹73.46 crore.
- That figure is the Net Asset Value of ₹76.85 crore as on the valuation date of 30th September, 2026, adjusted for Specified Liability Deductions of ₹3.39 crore.
- Added to this is a true up amount, to be determined based on valuation for the period from 30th September, 2026 (the valuation date) to the closing date.
- So the final amount received is the initial payment plus whatever the true up works out to.
Timeline
- The closing date is a date falling within 3 months from the date of signing of the Share Purchase Agreement (SPA).
What it means for a retail reader
- This is a transfer of ownership of a subsidiary from one entity to another, approved at the Board level. The buyer named is GRID-INDIA.
- The company has given the money involved: an initial payment of ₹73.46 crore, arrived at from a Net Asset Value of ₹76.85 crore less Specified Liability Deductions of ₹3.39 crore, with a true up to follow.
- The company states that details as specified under the SEBI Master circular dated 30th January, 2026 will be informed in due course upon completion of the entire transaction, so further particulars are expected at that stage.
Also from Power Grid Corporation of India
Board approves 1st interim dividend of Rs. 3.00 per equity share
1 Nov 2026
Board approves Q2 results and Rs. 3.00 first interim dividend; record date 06 November 2026
1 Nov 2026
Ministry of Power conveys appointment of Pankaj Pandey as Director (Operations)
30 Oct 2026
More numbers
- Initial payment for sale of CTUIL stake₹73.46 crore
- Net Asset Value as on valuation date 30th September, 2026₹76.85 crore
- Specified Liability Deductions₹3.39 crore
- Closing date window from signing of SPA3 months
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.