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An update from Power Grid Corporation of India Limited ( (IN:POWERGRID) ) is now available.
Power Grid Corporation of India Limited has published notices in newspapers to inform shareholders about the impending transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Authority, in line with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and SEBI’s disclosure requirements. The move is a compliance-driven step typically affecting shares linked to unclaimed dividends or inactive holdings, and underscores the company’s adherence to regulatory norms and shareholder disclosure obligations, while alerting affected investors to take necessary action before the transfer is executed.
More about Power Grid Corporation of India Limited
Power Grid Corporation of India Limited is a government-owned electric utilities company and the central transmission utility of India, engaged primarily in the transmission of electricity through an extensive interstate and inter-regional power transmission network. Headquartered in Gurugram with a registered office in New Delhi, the company operates critical grid infrastructure that underpins power delivery and reliability across the country, making it a key player in India’s energy sector and capital markets, where its equity shares are listed on major stock exchanges.
Average Trading Volume: 563,203
Technical Sentiment Signal: Buy
Current Market Cap: 2384.2B INR
For an in-depth examination of POWERGRID stock, go to TipRanks’ Overview page.