IndiGrid InvIT looking to buy four transmission assets for ₹7,000 crore
IndiGrid Infrastructure Investment Trust (InvIT) is looking to buy four transmission assets worth₹7,000 crore by 2021.
These assets will be located across West Bengal, Bihar, Assam, Haryana and Madhya Pradesh, CEO Harsh Shah told BusinessLine. They would include framework agreement assets, where the agreements are between two parties that have not come to a final agreement on their relationship but have enough details to move forward, with some details to be agreed upon in the future.
IndiGrid InvIT is backed by Sterlite Power Grid Ventures, which is majority owned by KKR and was established in 2016 to hold inter-State power transmission assets in India. It currently has ₹11,056 crore worth of assets under management (AUM).
