# IndiGrid approves acquisition of three power transmission assets from Sterlite Power

IndiGrid approved the acquisition of three power transmission assets from Sterlite Power Grid Ventures Ltd for INR 14.9 billion, increasing its AUM by 40%.

- Type: Acquisition
- Announced: 2017-10-09
- Where: India
- Value: $229.0M (14.9B INR)
- Status: announced
- Capacity: 1,425 circuit kilometers of transmission lines
- Products: power transmission lines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Sterlite Power Grid Ventures](https://endata.com/companies/22238.md) (target)
- [IndiGrid](https://endata.com/companies/27309.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/indigrid-approves-acquisition-of-three-power-transmission-assets-650039673.html), 2017-10-09: "These three acquisitions reaffirm our strong commitment to growing the IndiGrid platform through accretive transactions of operational power transmission assets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.