Power Grid Corporation of India to acquire Jam Khambhaliya REZ Transmission Limited
Power Grid Corporation of India (POWERGRID) said it has agreed a deal to acquire Jam Khambhaliya REZ Transmission Limited. The company is valued at about ₹2.32 lakh crore.
What happened
In a filing with the BSE on 12 October 2026 at 09:41 PM, Power Grid Corporation of India (POWERGRID) said that it has agreed a deal to acquire Jam Khambhaliya REZ Transmission Limited.
From the filing: "Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length";"
Company snapshot
Power Grid Corporation of India is a large-cap company in the Power sector, with a market value of about ₹2.32 lakh crore.
The stock last traded at ₹249, against a 52-week range of ₹244.7–₹325 (23.4% below the high).
Before this filing the shares had moved −6.3% over the month and −12.9% over three months. Average daily turnover over the last 20 sessions was about ₹245 crore.
Promoters held 51.34% at the end of Q1 FY27. Foreign institutions owned 24.33% and domestic institutions 20.70%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 11,196 | 3,630.6 | 3.9 |
| Q2 FY26 | 11,476 | 3,566.1 | 3.84 |
| Q3 FY26 | 12,395 | 4,185 | 4.5 |
| Q4 FY26 | 11,666 | 4,546.3 | 4.89 |
| Q1 FY27 | 11,497 | 3,598.4 | 3.87 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 9 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 0.6% on average the next trading day and was down 2.3% on average after five days (7 filings with price data).
Across 50 similar disclosures by other Power companies, shares moved +0.0% on average the next day and −0.5% over five days; 60% of them rose the next day.
Market-wide, 2,046 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 23 Sept 2026 | Acquisition of Barmer HVDC Power Transmission Limited by POWERGRID… | −0.3% | — |
| 28 Aug 2026 | Acquisition of Fatehgarh II Transmission Limited by POWERGRID under… | −0.6% | +0.1% |
| 3 Aug 2026 | M&A | −1.8% | −6.6% |
| 29 Jul 2026 | M&A | +0.5% | −4.3% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.