IndiGrid
IndiGrid completes acquisition of NER-II Transmission from Sterlite Power
- Mar 26, 2021
India Grid Trust (IndiGrid) has completed its largest transmission project deal by acquiring NER-II Transmission Ltd (“NER-II”) from Sterlite Power at an enterprise value of around Rs.4,625 crore. IndiGrid AUM reaches Rs.20,000 crore With this acquisition, IndiGrid’s assets under management Read more
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
Powergrid InvIT: Five assets identified for monetization
- Mar 1, 2021
Five assets have been identified for monetization with respect to the newly-formed Powergrid Infrastructure Investment Trust (InvIT), according to an investor presentation by Power Grid Corporation of India Ltd (PGCIL). The five assets represent operational transmission assets developed by 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
Kalpataru Power Transmission lands new orders
- Dec 15, 2020
Kalpataru Power Transmission Ltd (KPTL), in a stock exchange filing, said that it has secured new orders in diverse segments. Mumbai-headquartered KPTL said that it was secured new orders, including notifications of award, valued at around Rs.1,300 crore. The global 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