Power Grid Corporation of India Limited
The Government of Singapore decreased its stake in Power Grid Corporation of India Limited from 2.12% to 1.76%, selling 32,819,148 shares. This position decrease is valued at approximately ₹891.8 Cr based on the share price of ₹271.40.
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.
Singapore sovereign investor (GIC), managing the Government of Singapore's foreign reserves. One of the world's largest SWFs with significant Indian equity holdings.