InvIT
IndiGrid sees healthy acquisition pipeline
- May 28, 2021
India Grid Trust (IndiGrid), India’s first infrastructure investment trust (InvIT) in the power sector, foresees a healthy acquisition pipeline thanks to large-scale tendering of power transmission schemes. In an investor presentation discussing the financial performance in FY21, IndiGrid said Read more
PGCIL monetizes Rs.2,736 crore from asset sale to PGInvIT
- May 15, 2021
Power Grid Corporation of India Ltd (PGCIL) has monetized Rs.2,736.02 crore by way of sale of five of its special purpose vehicles to Powergrid Infrastructure Investment Trust (PGInvIT). Here is a step-by-step account: The following five SPVs were sold Read more
PGCIL’s InvIT: Powergrid Unchahar Transmission Ltd to act as Investment Manager
- Apr 23, 2021
Powergrid Unchahar Transmission Ltd (PUTL), a wholly-owned subsidiary of Power Grid Corporation of India Ltd, and a project special purpose vehicle will act as the investment manager to PGCIL’s Infrastructure Investment Trust (InvIT) that is Read more
PGCIL’s InvIT set to launch on April 29
- Apr 23, 2021
Reliable reports suggest that Power Grid Corporation of India Ltd will launch its Infrastructure Investment Trust (InvIT) on April 29, 2021. Though there has been no official announcement by PGCIL to this effect, it is learnt Read more
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 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
Powergrid Infrastructure Investment Trust registered
- Jan 11, 2021
In a very significant development, Securities & Exchanges Board of India (SEBI) recently granted the certificate of registration to “Powergrid Infrastructure Investment Trust”, an infrastructure investment trust (InvIT) sponsored by Power Grid Corporation of India Ltd. According to information Read more
CCEA approves InvIT model for PGCIL asset monetization
- Sep 9, 2020
In a significant move, the Cabinet Committee on Economic Affairs (CCEA) has approved monetization of assets of Power Grid Corporation of India Ltd (PGCIL) through the Infrastructure Investment Trust (InvIT) model. Asset recycling is a key strategy of the 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