Power Grid Corporation’s share price rose over 2 per cent in intraday trade on the BSE on Thursday, June 5, after it acquired MEL Power Transmission Limited—a wholly-owned subsidiary of PFC Consulting Limited, itself a subsidiary of Power Finance Corporation (PFC). Power Grid share price opened at ₹290.05 against its previous close of ₹288.60 and climbed 2.30 per cent to an intraday high of ₹295.25. Meanwhile, PFC share price also climbed nearly 2 per cent during the session.

In an exchange filing on June 5, PFC said: “MEL Power Transmission Limited, wholly-owned subsidiary of PFC Consulting Limited (a wholly-owned subsidiary of Power Finance Corporation Limited) has been transferred to Power Grid Corporation of India Limited, the successful bidder on 4th June, 2025.”

(This is a developing story. Please check back for fresh updates.)