IndiGrid Infrastrucutre Investment Trust (InvIT) Board has approved the acquisition of East North Interconnection Company Limited (ENICL) for ₹1,020 crore.
This acquisition would increase the Assets Under Management (AUM) of IndiGrid by 10 per cent to ₹12,100 crore, the company said in a filing to the exchanges.
IndiGrid InvIT is backed by Sterlite Power Grid Ventures, which is majority owned by KKR and was established in 2016 to own inter-State power transmission assets in India. An InvIT is a trust that operates in a sector and distributes the income generated from the assets in the form of dividends to the fund unitholders.
