{"id":273082,"date":"2019-05-06T05:54:20","date_gmt":"2019-05-06T05:54:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273082"},"modified":"2019-05-06T05:54:20","modified_gmt":"2019-05-06T05:54:20","slug":"india-grid-trust-announces-closing-of-preference-unit-issuance-worth-rs-2514-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-grid-trust-announces-closing-of-preference-unit-issuance-worth-rs-2514-cr\/","title":{"rendered":"India Grid Trust announces closing of preference unit issuance worth Rs 2,514 cr"},"content":{"rendered":"<p>India Grid Trust (IndiGrid), an infrastructure investment trust, on Saturday announced the closing of a preference unit issuance worth Rs 2,514 crore ($363 million). KKR and GIC have invested Rs 1,084 crore ($157 million) and Rs 980 crore ($142 million), respectively, to collectively own 42% of IndiGrid\u2019s outstanding units, a release said. KKR has also applied to become a sponsor of IndiGrid and plans to acquire an additional 15% of IndiGrid\u2019s total units from Sterlite Power.<\/p>\n<p>Following the closing of the transactions, KKR and GIC will collectively own approximately 57% of IndiGrid\u2019s outstanding units. The transactions mark KKR\u2019s first investment through its Asia Pacific Infrastructure strategy. In a separate transaction, KKR will additionally acquire a majority shareholding in Sterlite Investment Manager, the investment manager owned by Sterlite Power. Sterlite Power established IndiGrid in 2016 and will remain a sponsor and project manager of IndiGrid, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Grid Trust (IndiGrid), an infrastructure investment trust, on Saturday announced the closing of a preference unit issuance worth Rs 2,514 crore ($363 million). KKR and GIC have invested Rs 1,084 crore ($157 million) and Rs 980 crore ($142 million), respectively, to collectively own 42% of IndiGrid\u2019s outstanding units, a release said. KKR has also applied to become a sponsor of IndiGrid and plans to acquire an additional 15% of IndiGrid\u2019s total units from Sterlite Power. Following the closing of the transactions, KKR and GIC will collectively own approximately 57% of IndiGrid\u2019s outstanding units. The transactions mark KKR\u2019s first investment [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-273082","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273082","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273082"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273082\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}