{"id":346267,"date":"2020-04-10T10:40:52","date_gmt":"2020-04-10T05:10:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346267"},"modified":"2020-04-10T11:47:34","modified_gmt":"2020-04-10T06:17:34","slug":"kkr-backed-indigrid-to-acquire-sterlite-powers-asset-for-%e2%82%b91050-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kkr-backed-indigrid-to-acquire-sterlite-powers-asset-for-%e2%82%b91050-crore\/","title":{"rendered":"KKR-backed IndiGrid to acquire Sterlite Power\u2019s asset for \u20b91,050 crore"},"content":{"rendered":"<p>India Grid Trust (IndiGrid), backed by private equity firm KKR, is acquiring a transmission asset from Sterlite Power for \u20b91,050 crore, said IndiGrid chief executive officer Harsh Shah.<\/p>\n<p>IndiGrid is one of India\u2019s two listed infrastructure investment trusts (InvIT).<\/p>\n<p>An InvIT is a pool of money collected from investors to manage operational infrastructure projects, in return for a regular yield to its unitholders.<\/p>\n<p>\u201cLast month, we closed the acquisition of East North Interconnection Co. Ltd for \u20b91,020 crore and now we are acquiring Gurgaon Palwal Transmission Ltd (GPTL) for \u20b91,050 crore,&#8221; Shah said in an interview.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Grid Trust (IndiGrid), backed by private equity firm KKR, is acquiring a transmission asset from Sterlite Power for \u20b91,050 crore, said IndiGrid chief executive officer Harsh Shah. IndiGrid is one of India\u2019s 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. \u201cLast month, we closed the acquisition of East North Interconnection Co. Ltd for \u20b91,020 crore and now we are acquiring Gurgaon Palwal Transmission Ltd (GPTL) for \u20b91,050 crore,&#8221; Shah said in an interview.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-346267","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346267","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=346267"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346267\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}