IndiGrid has entered into a share purchase agreement to buy out power transmission line operator Jhajjar KT Transco Private Limited for Rs 310 crore.
Jhajjar KT Transco is owned by Kalpataru Power Transmission Ltd and Techno Electric & Engineering Company (TEECL).
The acquisition is subject tocertain adjustments on account of assets and liabilities at the time of closing of the transaction, IndiGrid said in a statement.
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.
