{"id":331572,"date":"2020-01-30T12:15:29","date_gmt":"2020-01-30T06:45:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=331572"},"modified":"2020-01-30T12:31:54","modified_gmt":"2020-01-30T07:01:54","slug":"indigrid-to-acquire-power-transmission-co-enicl-for-%e2%82%b91020-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-to-acquire-power-transmission-co-enicl-for-%e2%82%b91020-crore\/","title":{"rendered":"IndiGrid to acquire power transmission co ENICL for \u20b91,020 crore"},"content":{"rendered":"<p>IndiGrid Infrastrucutre Investment Trust (InvIT) Board has approved the acquisition of East North Interconnection Company Limited (ENICL) for \u20b91,020 crore.<\/p>\n<p>This acquisition would increase the Assets Under Management (AUM) of IndiGrid by 10 per cent to \u20b912,100 crore, the company said in a filing to the exchanges.<\/p>\n<p>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. An InvIT is a trust that operates in a sector and distributes the income generated from the assets in the form of dividends to the fund unitholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IndiGrid Infrastrucutre Investment Trust (InvIT) Board has approved the acquisition of East North Interconnection Company Limited (ENICL) for \u20b91,020 crore. This acquisition would increase the Assets Under Management (AUM) of IndiGrid by 10 per cent to \u20b912,100 crore, the company said in a filing to the exchanges. 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. An InvIT is a trust that operates in a sector and distributes the income generated from the assets in the form of dividends to the [&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-331572","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331572","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=331572"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331572\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=331572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=331572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=331572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}