New Delhi: India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), on Saturday inked an agreement to acquire a power transmission project in the northeast for ₹4,625 crore from Sterlite Power, the firm said in a statement.
The investment manager of IndiGrid, sponsored by Sterlite Power Grid Ventures Ltd, is majority owned by KKR.
InvITs manage income-generating infrastructure assets, typically offering investors a regular yield and a liquid method of investing in infrastructure projects. InvITs were also proposed by the government as an alternative fundraising route for state-run companies to manage their funding requirements without having to depend on government support.
