# 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.

- Type: Acquisition
- Announced: 2018-02-20
- Where: India
- Value: $253.0M (16.4B INR)
- Status: completed
- Products: transmission lines, substations
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Sterlite Power Grid Ventures](https://endata.com/companies/22238.md) (target)
- [IndiGrid](https://endata.com/companies/27309.md) (acquirer)
- [Techno Electric & Engineering Company](https://endata.com/companies/30178.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/companies/invit-indigrid-to-make-first-third-party-acquisition-for-rs-2-billion-118022000555_1.html), 2018-02-20: "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."

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