Search result for : "indigrid"
Consortium of IndiGrid subsidiaries emerges L1 for TBCB transmission project
- Nov 22, 2021
India Grid Trust (IndiGrid), in a release, has said that a consortium of its subsidiaries has emerged L1 for an interstate power transmission project under the TBCB mode. IndiGrid announced that a consortium of two of Read more
IndiGrid makes its first solar asset acquisition, diversifies from power transmission
- Jul 14, 2021
India’s first power-centric infrastructure investment trust (InvIT), IndiGrid, has acquired its first solar asset. So far, its portfolio was fully circumscribed by power transmission assets. In a release, IndiGrid said that it has completed acquisition of 100 per cent Read more
IndiGrid sees healthy acquisition pipeline
- May 28, 2021
India Grid Trust (IndiGrid), India’s first infrastructure investment trust (InvIT) in the power sector, foresees a healthy acquisition pipeline thanks to large-scale tendering of power transmission schemes. In an investor presentation discussing the financial performance in FY21, IndiGrid said Read more
IndiGrid completes acquisition of NER-II Transmission from Sterlite Power
- Mar 26, 2021
India Grid Trust (IndiGrid) has completed its largest transmission project deal by acquiring NER-II Transmission Ltd (“NER-II”) from Sterlite Power at an enterprise value of around Rs.4,625 crore. IndiGrid AUM reaches Rs.20,000 crore With this acquisition, IndiGrid’s assets under management Read more
IndiGrid signs share price agreement to acquire NER-II Transmission
- Mar 6, 2021
India Grid Trust (IndiGrid), on March 5, 2021, signed a share purchase agreement to acquire NER-II Transmission Ltd (NER-II), from Sterlite Power as part of the Framework Agreement. The indicative value of the acquisition is Rs.4,625 crore and the Read more
IndiGrid set to acquire “NER II Transmission Ltd” from Sterlite Power
- Mar 2, 2021
The board of India Grid Trust (IndiGrid) has approved the acquisition of “NER II Transmission Ltd”, a wholly-owned subsidiary of Sterlite Power. In a stock exchange filing, IndiGrid, India’s first InvIT in the power sector, said that the acquisition, Read more
IndiGrid completes acquisition of Parbati Koldam Transmission Company
- Jan 9, 2021
India Grid Trust (IndiGrid), in a stock exchange, filing said that it has completed the acquisition of 74 per cent equity stake in Parbati Koldam Transmission Company Ltd (PKTCL). Parbati Koldam Transmission Company Ltd (PKTCL) is a joint venture Read more
IndiGrid to acquire RInfra’s equity stake in Parbati Koldam Transmission Company
- Nov 30, 2020
India Grid Trust (IndiGrid) has announced that has signed a share purchase agreement to acquire 74 per cent equity stake in Parbati Koldam Transmission Company Ltd from Reliance Infrastructure Ltd (RInfra). In a stock exchange filing, IndiGrid said that Read more
IndiGrid approves induction of KKR (Esoteric) as sponsor
- Sep 29, 2020
The unitholders of India Grid Trust (IndiGrid) have approved the induction of Esoteric II Pte. Ltd., an affiliate of KKR & Co. Inc (“Esoteric II”) as a sponsor, (as defined under the InvIT Regulations) with special majority. The special Read more
Esoteric seeks induction as “sponsor” of IndiGrid
- Sep 9, 2020
Singapore-registered Esoteric II Fund Pte Ltd (Esoteric) has proposed to seek induction as the “sponsor” of IndiGrid, India’s first infrastructure investment trust (InvIT) in the power sector. Esoteric has approached Sterlite Investment Managers Ltd (the investment managers to IndiGrid) Read more