IndiGrid to acquire 100% stake in Khargone Transmission for Rs 1497 crore
India Grid Trust (IndiGrid) will acquire a 100 per equity stake in Khargone Transmission at an enterprise value of about Rs 1,497.5 crore.
The acquisition will be for a cash consideration of an enterprise value not exceeding Rs 1,497. 5 crore, according to a BSE filing.
IndiGrid signed a share purchase agreement on January 21, 2023, for the acquisition of a 100 per cent shareholding and economic interest, in one or more tranches, in Khargone Transmission Ltd from Sterlite Power Transmission Ltd (one of the Sponsor of IndiGrid), it stated.
The completion of the acquisition would depend upon receipt of Unitholders” consent, regulatory and other relevant approvals as well as completion of contractual obligations, it explained.
