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Read more about IndiGrid to buy 100% stake in NER II from Sterlite Power for Rs 4,625 cr on Business Standard. India Grid Trust signed a share purchase agreement to acquire NER-II Transmission from Sterlite Power as part of the framework agreement.

IndiGrid had signed a framework agreement in April 2019 with Sterlite Power for acquisition of NER-II upon commissioning. This transaction is expected to be consummated during fourth quarter of 2020-21, subject to unitholders approval, regulatory approva

Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for about Rs 4,625 crore.

IndiGrid to buy 100% stake in NER II from Sterlite Power for Rs 4,625 crore Synopsis The indicative value of the acquisition is Rs 4,625 crore and would boost IndiGrids asset under management (AUM) by 34 per cent to over Rs 20,000 crore (USD 2.8 billion). Agencies This project will strengthen the power transmission network in the North Eastern State Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for about Rs...

IndiGrid signs the largest power transmission deal with Sterlite Power AUM to leapfrog to over INR 200 Bn

India Grid Trust board to consider distribution, financial information on Jan 22, 2021 Posted On: 2021-01-16 20:50:00 (Time Zone: Arizona, USA) A meeting of the Board of Directors of India Grid Trust is scheduled on 22/01/2021, to consider and approve the Unaudited Financial Information of India Grid Trust for the period ended on December 31, 2020, along with the limited review report. The board will also consider distribution to unitholders of IndiGrid for Q3 FY 21, subject to the approva...

India Grid Trust completes acquisition of Parbati Koldam Transmission Company Limited

Equity indices came off the days low and traded near the flat line in morning trade. The Nifty took support near 13,700 level and bounced back. Negative global stock markets put pressure on domestic indices. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 40.34 or 0.09% at 47,000.01. The Nifty 50 index was up 3.7 points or 0.03% at 13,764.95. In broader market, the S&P BSE Mid-Cap index was down 0.18% while the S&P BSE Small-Cap index was up 0.27%. The market breadth was positive....

KKRs India InvIT buys FRV Solar assets in AP SECTIONS Share Synopsis India Grid Trust has signed a purchase agreement for acquisition of 100% in FRV Andhra Pradesh Solar Farm-I & FRV India Solar Park II – from FRV Solar Holdings, company said on Saturday. Getty Images India Grid Trust is in advanced discussions to acquire India portfolio of Fotowatio Renewable Ventures (FRV), ET first reported in September. Mumbai: India Grid Trust (IndiGrid), the KKR-owned first Infrastructure Investment Tru...

IndiGrid to buy FRV Solar units for ₹660 crore Updated: Updated: Share Article AAA Infrastructure investment trust IndiGrid said it has inked an agreement to acquire 100% stake in two projects of FRV Solar Holdings for ₹660 crore. The completion of acquisition would depend upon receipt of relevant approvals, IndiGrid said. “India Grid Trust (IndiGrid) has signed a securities purchase agreement on December 18 for acquisition of 100% in FRV Andhra Pradesh Solar Farm-I Private Ltd & FRV I...