# 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.

- Type: Acquisition
- Announced: 2022-08-02
- Where: India
- Value: $31.5M (2.50B INR)
- Status: announced
- Products: power transmission network
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [India Grid Trust](https://endata.com/companies/46102.md) (acquirer)
- [Raichur Sholapur Transmission Company](https://endata.com/companies/64500.md) (target)
- [Patel Engineering](https://endata.com/companies/64501.md) (partner)
- [Simplex Infrastructures](https://endata.com/companies/64502.md) (partner)
- [BS Limited](https://endata.com/companies/64503.md) (partner)

## Sources

- [energy.economictimes.indiatimes.com](https://energy.economictimes.indiatimes.com/news/power/indigrid-to-acquire-raichur-sholapur-transmission-company-for-rs-250-cr/93295631), 2022-08-02: "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."

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