Power Grid Corporation of India Limited
PPFAS Mutual Fund, which previously held a 3.56 percent stake in Power Grid Corporation of India Limited, is no longer listed among the company's disclosed shareholders, indicating either a complete exit or a reduction of its holding below the 1 percent reporting threshold.
India's largest electric power transmission company operating extra-high voltage alternating current and high-voltage direct current transmission lines across the country. A Maharatna central public sector undertaking incorporated in 1989, it builds and maintains critical infrastructure for power distribution. The company plays a vital role in connecting power generation sources to distribution networks, enabling reliable electricity supply to consumers nationwide.
Founded by Parag Parikh Financial Advisory Services, best known for the Parag Parikh Flexi Cap Fund which invests in both Indian equities and select global large-caps including Meta, Alphabet, and Microsoft. Manages over Rs 1.2 lakh crore with a concentrated, long-duration, value-focused approach. CIO Rajeev Thakkar is one of India's most respected investors with a Munger-influenced thinking style.