Power Grid Corporation of India Limited (BSE:532898) acquired Sikar-II Aligarh Transmission Limited for approximately INR 220 million on June 8, 2021. The consideration including 0.01 million equity shares at INR 10 each along with assets and liabilities of Power Grid Corporation of India Limited. SATL has been acquired by Power Grid Corporation pursuant to Power Grid Corporation emerging as the successful bidder under Tariff Based Competitive Bidding. Encouraging Competition in Development of Transmission Projects” and “Tariff based Competitivebidding Guidelines for Transmission Service” notified by Ministry of Power (MoP). Requisite approvals were obtained by the Bid Process Coordinator for transfer of SATL. Approval for Grant of Transmission License and Adoption of Transmission charges are to be obtained from Central Electricity Regulatory Commission by SATL after the acquisition by Power Grid Corporation. Power Grid Corporation of India Limited (BSE:532898) completed the acquisition of Sikar-II Aligarh Transmission Limited on June 8, 2021.