{"id":403582,"date":"2021-03-08T11:04:32","date_gmt":"2021-03-08T05:34:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403582"},"modified":"2021-03-08T11:04:32","modified_gmt":"2021-03-08T05:34:32","slug":"indigrid-invit-to-acquire-northeast-power-transmission-project-for-%e2%82%b94625-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigrid-invit-to-acquire-northeast-power-transmission-project-for-%e2%82%b94625-crore\/","title":{"rendered":"IndiGrid InvIT to acquire northeast power transmission project for \u20b94,625 crore"},"content":{"rendered":"<p>New Delhi: India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), on Saturday inked an agreement to acquire a power transmission project in the northeast for \u20b94,625 crore from Sterlite Power, the firm said in a statement.<\/p>\n<p>The investment manager of IndiGrid, sponsored by Sterlite Power Grid Ventures Ltd, is majority owned by KKR.<\/p>\n<p>InvITs manage income-generating infrastructure assets, typically offering investors a regular yield and a liquid method of investing in infrastructure projects. InvITs were also proposed by the government as an alternative fundraising route for state-run companies to manage their funding requirements without having to depend on government support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), on Saturday inked an agreement to acquire a power transmission project in the northeast for \u20b94,625 crore from Sterlite Power, the firm said in a statement. The investment manager of IndiGrid, sponsored by Sterlite Power Grid Ventures Ltd, is majority owned by KKR. InvITs manage income-generating infrastructure assets, typically offering investors a regular yield and a liquid method of investing in infrastructure projects. InvITs were also proposed by the government as an alternative fundraising route for state-run companies to manage their funding requirements without having to depend on government [&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-403582","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\/403582","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=403582"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403582\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}