IndiGrid unitholders approve KKR as InvIT sponsor with special majority

India Grid trust (IndiGrid) on Tuesday said, its unitholders have approved the induction of Esoteric II Pte, an affiliate of KKR & Co, as a sponsor with a special majority of more than 75 per cent. The private equity firm, which earlier withdrew intent to become a sponsor in August, made a fresh application again this month.

IndiGrid also looks to add operational solar power generation projects to its current portfolio of transmission assets as a long-term strategy.

“The special resolution to induct Esoteric II as a sponsor was passed with a special majority in the third annual general meeting of IndiGrid held on September 28,” the company said in its statement.