Search result for : "indigrid"
IndiGrid signs share price agreement to acquire NER-II Transmission
- Mar 6, 2021
India Grid Trust (IndiGrid), on March 5, 2021, signed a share purchase agreement to acquire NER-II Transmission Ltd (NER-II), from Sterlite Power as part of the Framework Agreement. The indicative value of the acquisition is Rs.4,625 crore and the Read more
IndiGrid set to acquire “NER II Transmission Ltd” from Sterlite Power
- Mar 2, 2021
The board of India Grid Trust (IndiGrid) has approved the acquisition of “NER II Transmission Ltd”, a wholly-owned subsidiary of Sterlite Power. In a stock exchange filing, IndiGrid, India’s first InvIT in the power sector, said that the acquisition, Read more
IndiGrid completes acquisition of Parbati Koldam Transmission Company
- Jan 9, 2021
India Grid Trust (IndiGrid), in a stock exchange, filing said that it has completed the acquisition of 74 per cent equity stake in Parbati Koldam Transmission Company Ltd (PKTCL). Parbati Koldam Transmission Company Ltd (PKTCL) is a joint venture Read more
IndiGrid to acquire RInfra’s equity stake in Parbati Koldam Transmission Company
- Nov 30, 2020
India Grid Trust (IndiGrid) has announced that has signed a share purchase agreement to acquire 74 per cent equity stake in Parbati Koldam Transmission Company Ltd from Reliance Infrastructure Ltd (RInfra). In a stock exchange filing, IndiGrid said that Read more
IndiGrid approves induction of KKR (Esoteric) as sponsor
- Sep 29, 2020
The unitholders of India Grid Trust (IndiGrid) have approved the induction of Esoteric II Pte. Ltd., an affiliate of KKR & Co. Inc (“Esoteric II”) as a sponsor, (as defined under the InvIT Regulations) with special majority. The special Read more
Esoteric seeks induction as “sponsor” of IndiGrid
- Sep 9, 2020
Singapore-registered Esoteric II Fund Pte Ltd (Esoteric) has proposed to seek induction as the “sponsor” of IndiGrid, India’s first infrastructure investment trust (InvIT) in the power sector. Esoteric has approached Sterlite Investment Managers Ltd (the investment managers to IndiGrid) Read more
IndiGrid acquires transmission project from Sterlite Power
- Sep 1, 2020
India Grid Trust (IndiGrid) has completed acquisition of a transmission asset Gurgaon Palwal Transmission Ltd (“GPTL”), from Sterlite Power at an enterprise value of around Rs.1,080 crore. With this acquisition, IndiGrid’s AUM (assets under management) has increased by around Read more
Sterlite Power sells stake in IndiGrid, exits role as sponsor
- Aug 15, 2020
Sterlite Power has successfully sold of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth individuals (HNI) investors. Sterlite Power is the sponsor of IndiGrid, India’s first power sector InvIT, which saw Read more
IndiGrid to acquire 100pc equity in Jhajjar KT Transco
- Jun 1, 2020
India Grid Trust (IndiGrid) has announced the execution of the SPA (Share Purchase Agreement) for acquisition of 100 per cent stake in Jhajjar KT Transco Private Ltd from Kalpataru Power Transmission Ltd and Techno Electric & Engineering Company Read more
KPTL to divest stake in Jhajjar KT Transco to IndiGrid
- May 30, 2020
Kalpataru Power Transmission Ltd has announced execution of the share purchase agreement (SPA) to sell its entire stake in Jhajjar KT Transco Pvt Ltd to India Grid Trust (“IndiGrid”). The total Enterprise Value (EV) of JKTPL is about Rs.310 Read more