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Power Grid Share Price: Shares of PSU Maharatna company Power Grid Corporation of India (PGCIL) recovered on Tuesday after the government rejected a proposal to acquire Power Finance Corporation’s stake in REC.
The clarification comes in the backdrop of reports that the Power Ministry is in talks with Power Grid to purchase PFC’s 52.63% in REC.
Power Grid share price jumped over 2 per cent in early trade to hit day’s high of Rs 207.90.
Power Grid share price has been under pressure for the last one week. The counter has declined over 13% in the last five sessions.
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