KKR
Marquee Institutional Investors pick significant stake in IndiGrid
- Aug 28, 2024
IndiGrid has announced the launch of its preferential issue process following successful conclusion of the Offer-for-Sale (OFS) run by its sponsor KKR. Last week, KKR successfully concluded an OFS process to bring their unitholding down from 21.17 per cent Read more
Serentica places key orders for 1.5 GW of RE capacity
- Jun 7, 2023
Serentica Renewables has placed key contracts for the development of 1.5 GW of renewable energy capacity across the country. In a release, Serentica Renewables said that it has placed several contracts together valued at Rs.10,000 crore towards the development Read more
IndiGrid board approves acquisition of Virescent Renewable Energy Trust
- May 13, 2023
The board of directors of India Grid Trust (IndiGrid) has approved the acquisition of 100 percent units of Virescent Renewable Energy Trust (VRET) along with its Investment Manager (IM) and Project Manager (PM), at an enterprise valuation of Read more
Serentica Renewables secures additional investment from KKR
- May 1, 2023
Serentica Renewables has announced the signing of definitive agreements under which leading global investment firm KKR will invest an additional $250 million in the company. This latest investment builds on the $400 million investment from KKR in November 2022. Read more
KKR launches renewable energy platform in India
- Oct 29, 2020
Global investment firm KKR today announced the launch of Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India. Virescent currently owns 317 mw of solar assets located in Maharashtra and Tamil Nadu. Headquartered in Mumbai, Virescent 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
Sterlite Power sells stake in IndiGrid, exits role as sponsor
- Aug 15, 2020
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