IndiGrid acquires three transmission assets from Sterlite Power and stake in Patran Transmission

IndiGrid has completed the acquisition of three transmission assets from Sterlite Power Grid Ventures for Rs 14.10 billion and signed agreements to invest in Patran Transmission Company for Rs 2.32 billion, marking the first third-party acquisition by an InvIT.

“IndiGrid has completed the acquisition of three assets — RAPP Transmission Company Limited, Purulia and Kharagpur Transmission Company Limited and Maheshwaram Transmission Limited (MRP) from its Sponsor — Sterlite Power Grid Ventures Limited.”business-standard.com

• 1 source
• business-standard.comInvIT IndiGrid to make first third-party acquisition for Rs 2 billion | Company News - Business StandardAmritha PillayFeb 20, 2018

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