IndiGrid to acquire 2 projects from FRV Solar for Rs 660 cr New Delhi,
Infrastructure investment trust IndiGrid on Saturday said it has inked an agreement to acquire 100 per cent stake in two projects of FRV Solar Holdings for Rs 660 crore. The completion of acquisition would depend upon receipt of relevant approvals and completion of contractual obligations, IndiGrid said in a BSE filing.
“India Grid Trust (IndiGrid)has signed securities purchase agreement on December 18, 2020 for acquisition of 100 per cent in FRV Andhra Pradesh Solar Farm-I Private Ltd (FRV I) & FRV India Solar Park II Private Ltd (FRV II) from FRV Solar Holdings XI BV,” it said.
