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Business / Mon, 02 Nov 2026 PSU Connect

POWERGRID Board Approves Sale of Entire Stake in CTUIL to GRID-INDIA

Initial payment of ₹73.46 crore (calculated after adjusting the Net Asset Value of ₹76.85 crore as on the valuation date of 30 September 2026 with Specified Liability Deductions of ₹3.39 crore)True-up amount to be determined based on valuation for the period from 30 September 2026 to the closing date (which will fall within three months from the date of signing of the Share Purchase Agreement)Further details as required under the SEBI Master Circular will be intimated upon completion of the entire transaction. The disclosure has been made under Regulation 30 of the SEBI Listing Regulations.

Initial payment of ₹73.46 crore (calculated after adjusting the Net Asset Value of ₹76.85 crore as on the valuation date of 30 September 2026 with Specified Liability Deductions of ₹3.39 crore)

True-up amount to be determined based on valuation for the period from 30 September 2026 to the closing date (which will fall within three months from the date of signing of the Share Purchase Agreement)

Further details as required under the SEBI Master Circular will be intimated upon completion of the entire transaction.

The disclosure has been made under Regulation 30 of the SEBI Listing Regulations.

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