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POWERGRID plans merger of 28 subsidiaries for efficiency

POWERGRID Corporation plans to merge 28 subsidiaries into 2 to enhance operational efficiency. The Board Meeting is set for 19 March 2026, with a trading window closure from 17 to 21 March 2026.

pre-market1 source ↓written by the desknot a recommendation

to approve
19 March 2026
the merger
28 wholly-owned subsidiaries
2 others
reopening
22 March 2026

POWERGRID Corporation of India Limited announced a Board Meeting on 19 March 2026 to approve the merger of 28 wholly-owned subsidiaries into 2 others. This strategic move aims to streamline operations and enhance efficiency across its transmission network.

In line with SEBI regulations, the trading window will be closed from 17 March to 21 March 2026, reopening on 22 March 2026. This closure may impact trading activity in the interim.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 17 Mar 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

POWERGRID closed +0.3% on the day of the news, from ₹297.75 to ₹298.50; Nifty +0.7% over the same session; futures OI +2.4%.

Bulletin at 07:04 IST on 17 Mar 2026. Every change is measured from ₹297.75, the last close before it, on 16 Mar. Nifty 50 is measured over the same sessions.

  • POWERGRID close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
POWERGRID closes around the bulletin against the close before the news, with Nifty 50 rebased to it272.62297.75322.88axis spans 18%before the news · 16 Mar297.75Nifty 50POWERGRIDbulletinD0+1+3+510 Mar20 Mar2 AprFutures open interest, lotspeak 43,000Reference close ₹297.75. 16 sessions from 10 Mar to 2 Apr; the price axis spans 18 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before16 Mar₹297.75basebase
On the day17 Mar₹298.50▲ +0.3%▲ +0.7%−0.5 pp difference
+1 session18 Mar₹299.40▲ +0.6%▲ +1.6%−1.0 pp difference
+3 sessions20 Mar₹297.60▼ −0.1%▼ −1.3%+1.2 pp difference
+5 sessions24 Mar₹299.00▲ +0.4%▼ −2.1%+2.5 pp difference
Gap at the open, % · ₹
▲ +1.4%+4.26 on 17 Mar
Day's range, % · ₹
3.3%≈ 9.9 high to low
Volume on the day
0.74×the 20-session average
Futures OI on the day
▲ +2.4%+1,000 lots · long build-up · price +0.3%
Futures OI open, lots
43,00017 Mar · 30 Mar expiry
Futures premium, ₹
−0.20−0.1% to spot
Puts per call, by OI
0.38from 0.40 the session before
Max pain
298from 298 the session before

Source NSE UDiFF bhavcopy · POWERGRID on the desk →

Thread · POWERGRIDAll POWERGRID bulletins →

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