{"id":368031,"date":"2020-08-17T11:07:22","date_gmt":"2020-08-17T05:37:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=368031"},"modified":"2020-08-17T11:07:22","modified_gmt":"2020-08-17T05:37:22","slug":"sterlite-power-sells-indigrid-stake-for-%e2%82%b9840-crore-lt-among-buyers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sterlite-power-sells-indigrid-stake-for-%e2%82%b9840-crore-lt-among-buyers\/","title":{"rendered":"Sterlite Power sells IndiGrid stake for \u20b9840 crore; L&amp;T among buyers"},"content":{"rendered":"<p>Power transmission project developer Sterlite Power has sold its 14.7% stake in India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), to institutional and high net worth individual investors, for \u20b9840 crore, the company said on Friday. Sterlite Power is the sponsor of IndiGrid, India\u2019s first power sector InvIT, which had gone public in 2017.<\/p>\n<p>The buyers of the stake included engineering giant Larsen &amp; Toubro Ltd, which bought IndiGrid units worth \u20b9250 crore, Morgan Stanley Asia Singapore PTE, and Societe Generale, data from stock exchanges showed.<\/p>\n<p>Sterlite sold the stake at a \u20b998 apiece. On Friday, IndiGrid closed trading at \u20b9101 per unit, up 0.74% on the BSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power transmission project developer Sterlite Power has sold its 14.7% stake in India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), to institutional and high net worth individual investors, for \u20b9840 crore, the company said on Friday. Sterlite Power is the sponsor of IndiGrid, India\u2019s first power sector InvIT, which had gone public in 2017. The buyers of the stake included engineering giant Larsen &amp; Toubro Ltd, which bought IndiGrid units worth \u20b9250 crore, Morgan Stanley Asia Singapore PTE, and Societe Generale, data from stock exchanges showed. Sterlite sold the stake at a \u20b998 apiece. On Friday, IndiGrid closed trading [&hellip;]<\/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-368031","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\/368031","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=368031"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368031\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=368031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=368031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=368031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}