{"id":386912,"date":"2020-11-30T08:30:18","date_gmt":"2020-11-30T03:00:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386912"},"modified":"2020-11-30T15:44:08","modified_gmt":"2020-11-30T10:14:08","slug":"indigrid-inks-pact-to-acquire-74-stake-in-parbati-koldam-from-reliance-infra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-inks-pact-to-acquire-74-stake-in-parbati-koldam-from-reliance-infra\/","title":{"rendered":"IndiGrid inks pact to acquire 74% stake in Parbati Koldam from Reliance Infra"},"content":{"rendered":"<p>India Grid Trust on Saturday said that it has inked an agreement to acquire 74 per cent stake in Parbati Koldam TransmissionCompanyfrom Reliance Infrastructure. <\/p>\n<p>&#8220;India Grid Trust has signed sharepurchase agreement on November 28th, 2020 for acquisition of 74 per centin Parbati Koldam TransmissionCompany Ltd(PKTCL) from Reliance Infrastructure Ltd,&#8221; a BSE filing said. <\/p>\n<p>The completion of acquisition would dependupon receipt of relevant approvals and completion of contractual obligations, it added. <\/p>\n<p>According to filing, the implied enterprise value (for 100% equity shares) is Rs900 croreinclusive of cash &amp; cash reserves andnormalised tariff receivables, subject to adjustments on account of movement in cash, deviation in outstandingdebt, tariff receivables, assets, liabilities outstanding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Grid Trust on Saturday said that it has inked an agreement to acquire 74 per cent stake in Parbati Koldam TransmissionCompanyfrom Reliance Infrastructure. &#8220;India Grid Trust has signed sharepurchase agreement on November 28th, 2020 for acquisition of 74 per centin Parbati Koldam TransmissionCompany Ltd(PKTCL) from Reliance Infrastructure Ltd,&#8221; a BSE filing said. The completion of acquisition would dependupon receipt of relevant approvals and completion of contractual obligations, it added. According to filing, the implied enterprise value (for 100% equity shares) is Rs900 croreinclusive of cash &amp; cash reserves andnormalised tariff receivables, subject to adjustments on account of movement in [&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-386912","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\/386912","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=386912"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386912\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}