Regional Director, Northern Region Directorate I, Ministry of Corporate Affairs, confirmed the respective…
As filed · Power Grid Corporation of India Limited has informed the Exchange about Regional Director, Northern Region Directorate I, Ministry of Corporate Affairs, confirmed the respective schemes of merger of W
What happened
FactRegional Director, Northern Region Directorate I, Ministry of Corporate Affairs, confirmed the respective schemes of merger of Wholly owned subsidiaries of POWERGRID. schemes of Merger or Amalgamation (‘Schemes’) for Merger / Amalgamation of 28.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
RevisedSo, we have ₹1,95,000 worth projects which are to be commissioned in next 3-4 years.
Last year, sorry, last meet, we have given ₹28,000 crores for FY26. We are increasing it to ₹32,000 crores as I told and for FY27, CapEx will be ₹37,000 crores. In FY28, it will be ₹45,000 crores.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- our capitalization for this financial year is going to be more than Rs 25,000 crores. (management committed by FY26)
- we have revised our Capex guideline to Rs. 32,000 crore. (management committed by FY26)
Evidence
- Power Grid Corporation of India Limited has informed the Exchange about Regional Director, Northern Region Directorate I, Ministry of Corporate Affairs, confirmed the respective schemes of merger of Wholly owned subsidiaries of POWERGRID.(opens the original filing in a new tab)
- Earlier statement · Q3 FY25
- Latest statement · Q3 FY25
- Earlier statement · Q3 FY25
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%