Power Grid Corporation of India Limited (BSE:532898) agreed to acquire Fatehgarh Bhadla Transco Limited, Sikar New Transmission Limited and Ramgarh New Transmission Limited from REC Transmission Projects Company Limited on February 4, 2021. Power Grid Corporation of India Limited was selected as the successful bidder through tariff based competitive bidding process. The proposal for sale and transfer has been approved by the Board of Directors of REC Limited, parent of REC Transmission Projects Company Limited. The process for sale and transfer of Ajmer Phagi Transco Limited to Power Grid Corporation of India Limited is expected to be completed in the financial year 2020-21. Power Grid Corporation of India Limited completed the acquisition of Ramgarh New Transmission Limited on March 12, 2021. Power Grid Corporation of India Limited (BSE:532898) completed the acquisition of Fatehgarh Bhadla Transco Limited, Sikar New Transmission Limited and Ramgarh New Transmission Limited from REC Transmission Projects Company Limited on June 4, 2021. Under the terms, Power Grid Corporation will pay approximately INR 130 million including 50,000 equity shares for Fatehgarh Bhadla Transco Limited and INR 190 million including 50,000 equity shares for Sikar New Transmission Limited.