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IndiGrid to acquire 74% stake in Parbati Koldam Transmission from Reliance Infra · Endata

◂ Announcements

Nov 28, 2020ACQUISITIONIndia

IndiGrid to acquire 74% stake in Parbati Koldam Transmission from Reliance Infra

India Grid Trust signed a share purchase agreement on November 28, 2020 to acquire a 74% stake in Parbati Koldam Transmission Company from Reliance Infrastructure. The implied enterprise value for 100% equity is INR 900 crore.

Value

$122.0M (9.00B INR)

Status

Announced

Productstransmission lines for power evacuation

CompaniesReliance Infrastructure target India Grid Trust acquirer Parbati Koldam Transmission Company target

Sectors#Power Generation Equipment

“India Grid Trust has signed share purchase agreement on November 28th, 2020 for acquisition of 74 per cent in Parbati Koldam Transmission Company Ltd (PKTCL) from Reliance Infrastructure Ltd”business-standard.com

1 source
business-standard.comIndiGrid inks pact to acquire 74% stake in Parbati Koldam from Reliance Infra | Company News - Business StandardPress Trust of IndiaNov 28, 2020

Summarized from public sources; check the original articles before acting on it.

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