{"id":273080,"date":"2019-05-06T05:37:02","date_gmt":"2019-05-06T05:37:02","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273080"},"modified":"2019-05-06T05:52:50","modified_gmt":"2019-05-06T05:52:50","slug":"indigrid-to-buy-rs-11500-cr-electricity-transmission-assets-from-sterlite-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-to-buy-rs-11500-cr-electricity-transmission-assets-from-sterlite-power\/","title":{"rendered":"IndiGrid to buy Rs. 11,500-cr electricity transmission assets from Sterlite Power"},"content":{"rendered":"<p>India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), will acquire five electricity transmission assets worth Rs. 11,500 crore ($1.66 billion) from Sterlite Power.<\/p>\n<p>This comes after KKR and GIC recently announced fund infusion into IndiGrid. As a part of the deal, KKR and GIC have invested Rs. 1084 crore ($157 million) and Rs. 980 crore ($142 million), to collectively acquire 42 per cent of IndiGrid\u2019s outstanding units.<\/p>\n<p>India Grid Trust, backed by Sterlite Power Grid Ventures, was established in 2016 to own inter-State power transmission assets in India. Indi Grid will be issuing preference shares worth Rs. 2,514 crore to acquire the power transmission assets from Sterlite.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), will acquire five electricity transmission assets worth Rs. 11,500 crore ($1.66 billion) from Sterlite Power. This comes after KKR and GIC recently announced fund infusion into IndiGrid. As a part of the deal, KKR and GIC have invested Rs. 1084 crore ($157 million) and Rs. 980 crore ($142 million), to collectively acquire 42 per cent of IndiGrid\u2019s outstanding units. India Grid Trust, backed by Sterlite Power Grid Ventures, was established in 2016 to own inter-State power transmission assets in India. Indi Grid will be issuing preference shares worth Rs. 2,514 crore [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-273080","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273080"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273080\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}