G R Infraprojects Limited (BSE:543317) entered into agreement to acquire Rajgarh Transmission Limited from REC Limited (NSEI:RECLTD) for INR 55.4 million on April 27, 2022. Board of Directors of REC Limited, in its meeting held on April 27, 2022, interalia also approved sale and transfer of Rajgarh Transmission Limited to M i s G R Infraprojects Limited, the successful bidder selected through Tariff Based Competitive Bidding process. The process for sale and transfer of the said SPY to the successful bidder IS expected to complete in the financial year 2022-23.