IndiGrid to acquire Raichur Sholapur Transmission Company for Rs 250 crore

Power sector infrastructure investment trust, IndiGrid, has signed a share purchase agreement for acquisition of 100% stake in, one or more tranches, in Raichur Sholapur Transmission Company Private Limited (RSTCPL), for over Rs 250 crore.

IndiGrid has acquired the shares from Patel Engineering Limited, Simplex Infrastructures Limited and BS Limited, each owning 33.33% stake, respectively.