{"id":367907,"date":"2020-08-17T08:42:26","date_gmt":"2020-08-17T03:12:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367907"},"modified":"2020-08-17T08:46:17","modified_gmt":"2020-08-17T03:16:17","slug":"sterlite-power-sells-14-7-stake-in-indigrid-hnis-for-rs-840-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sterlite-power-sells-14-7-stake-in-indigrid-hnis-for-rs-840-crore\/","title":{"rendered":"Sterlite Power sells 14.7% stake in IndiGrid, HNIs for Rs 840 crore"},"content":{"rendered":"<p>Sterlite Power today announced the successful sale of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth investors for Rs 840 crore at a unit price of Rs 98. <\/p>\n<p>Sterlite Power is the sponsor of IndiGrid, India\u2019s first power sector InvIT, which saw its initial offer in 2017. &#8220;Sterlite Power is proud to have played a role in creating India\u2019s first power sector InvIT which has grown over the years with participation from marquee investors. We will now focus on our core business as the developer of power transmission assets. We remain committed to executing asset transfers of about Rs 6,500 crore as per the framework agreement with IndiGrid,\u201d Pratik Agarwal, Managing Director, Sterlite Power, said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sterlite Power today announced the successful sale of its 14.7 per cent stake in India Grid Trust (IndiGrid) to institutional and high net worth investors for Rs 840 crore at a unit price of Rs 98. Sterlite Power is the sponsor of IndiGrid, India\u2019s first power sector InvIT, which saw its initial offer in 2017. &#8220;Sterlite Power is proud to have played a role in creating India\u2019s first power sector InvIT which has grown over the years with participation from marquee investors. We will now focus on our core business as the developer of power transmission assets. We remain committed [&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":[135,130,232],"tags":[],"class_list":["post-367907","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367907","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=367907"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367907\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}