New Delhi, June 5 -- 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 Rs.290.05 against its previous close of Rs.288.60 and climbed 2.30 per cent to an intraday high of Rs.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 o...