KKR-backed IndiGrid to acquire Sterlite Power’s asset for ₹1,050 crore
India Grid Trust (IndiGrid), backed by private equity firm KKR, is acquiring a transmission asset from Sterlite Power for ₹1,050 crore, said IndiGrid chief executive officer Harsh Shah.
IndiGrid is one of India’s two listed infrastructure investment trusts (InvIT).
An InvIT is a pool of money collected from investors to manage operational infrastructure projects, in return for a regular yield to its unitholders.
“Last month, we closed the acquisition of East North Interconnection Co. Ltd for ₹1,020 crore and now we are acquiring Gurgaon Palwal Transmission Ltd (GPTL) for ₹1,050 crore,” Shah said in an interview.
