In a significant move, the Cabinet Committee on Economic Affairs (CCEA) has approved monetization of assets of Power Grid Corporation of India Ltd (PGCIL) through the Infrastructure Investment Trust (InvIT) model. Asset recycling is a key strategy of the Read more
Sterlite Power has successfully sold of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth individuals (HNI) investors. Sterlite Power is the sponsor of IndiGrid, India’s first power sector InvIT, which saw Read more
The Board of Directors of Tata Power has approved issuance of 49,05,66,037 equity shares on a preferential basis to Tata Sons Pvt Ltd for an aggregate consideration of Rs.2,600 crore. The issue price for the equity shares has been Read more