The Board of Directors of PowerGrid has approved the merger/amalgamation of 13 wholly-owned subsidiaries (WOS). 11 WOS will be merged into 2 other WOS. The decision aims to consolidate business operations, create larger unified entities, reduce the number of entities, and enhance operational and management efficiencies. The merger is subject to necessary statutory and regulatory approvals.
Merger Plan Approved
The Board of Directors of PowerGrid has given its approval for the merger/amalgamation of its wholly-owned subsidiaries. The decision was made at a board meeting held on Saturday, December 20, 2025.
Details of the Merger
According to the approved plan, 11 wholly-owned subsidiaries (WOS) will be merged into 2 other WOS. This strategic move aims to consolidate the company’s business operations to enhance efficiency and streamline management.
Objectives of the Merger
The primary objectives of this merger are to create larger, more unified entities, reduce the total number of entities within the group, improve operational and management efficiencies, and simplify the overall organizational structure.
Next Steps
The merger is still subject to approval from statutory and regulatory authorities. Further developments regarding this matter will be communicated in due course.
Source: BSE