{"id":368139,"date":"2020-08-17T12:15:20","date_gmt":"2020-08-17T06:45:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=368139"},"modified":"2020-08-17T12:15:20","modified_gmt":"2020-08-17T06:45:20","slug":"sterlite-power-offloads-14-7-indigrid-stake-for-rs-840-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sterlite-power-offloads-14-7-indigrid-stake-for-rs-840-crore\/","title":{"rendered":"Sterlite Power offloads 14.7% IndiGrid stake for Rs 840 crore"},"content":{"rendered":"<p>Electricity transmission infrastructure company Sterlite Power on Friday announced the sale of its 14.7% stake in India Grid Trust (IndiGrid) to institutional and high-net worth individual investors for Rs 840 crore. IndiGrid is an infrastructure investment trust (InvIt) backed by KKR and GIC, where Sterlite offloads its transmission assets. In the three years of its operations, IndiGrid\u2019s asset under management (AUM) has grown from Rs 3,700 crore to Rs 12,000 crore.<\/p>\n<p>The InvIt\u2019s management recently said KKR had retained a majority 60% in the investment arm and would acquire 14%, subsequently, in May 2021. Sterlite Power continues to remain a shareholder of SIML, the investment manager of IndiGrid. KKR recently withdrew its intent to be the sponsor of IndiGrid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electricity transmission infrastructure company Sterlite Power on Friday announced the sale of its 14.7% stake in India Grid Trust (IndiGrid) to institutional and high-net worth individual investors for Rs 840 crore. IndiGrid is an infrastructure investment trust (InvIt) backed by KKR and GIC, where Sterlite offloads its transmission assets. In the three years of its operations, IndiGrid\u2019s asset under management (AUM) has grown from Rs 3,700 crore to Rs 12,000 crore. The InvIt\u2019s management recently said KKR had retained a majority 60% in the investment arm and would acquire 14%, subsequently, in May 2021. Sterlite Power continues to remain a [&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-368139","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\/368139","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=368139"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368139\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=368139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=368139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=368139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}