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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 IndiGrid's 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 4,625 crore. The completion of acquisition would depend upon receipt of unitholders' consent, regu...
IndiGrid signs the largest power transmission deal with Sterlite Power AUM to leapfrog to over INR 200 Bn