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IndiGrid to acquire Raichur Sholapur Transmission Company for Rs 250 crore · Endata

◂ Announcements

Aug 2, 2022ACQUISITIONIndia

IndiGrid to acquire Raichur Sholapur Transmission Company for Rs 250 crore

India Grid Trust (IndiGrid) signed share purchase agreements to acquire 100% stake in Raichur Sholapur Transmission Company Private Limited from Patel Engineering, Simplex Infrastructures and BS Limited for Rs 250 crore. The acquisition is subject to approvals.

Value

$31.5M (2.50B INR)

Status

Announced

Productspower transmission network

CompaniesIndia Grid Trust acquirer Raichur Sholapur Transmission Company target Patel Engineering partner Simplex Infrastructures partner BS Limited partner

Sectors#Power Generation Equipment

“As a low-risk operational transmission asset with long-term contracted cash flows and minimal counter-party risk, this acquisition fits in well with IndiGrid's growth strategy.”energy.economictimes.indiatimes.com

1 source
energy.economictimes.indiatimes.comIndiGrid to acquire Raichur Sholapur Transmission Company for Rs 250 cr, ETEnergyworldET EnergyWorldAug 2, 2022

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

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