KKR, GIC acquire controlling stake in India’s IndiGrid for $363m

Date posted: Monday 6 May 2019

Global private equity major KKR and Singapore’s sovereign wealth fund GIC have together invested $363 million to acquire a controlling stake in India Grid Trust (IndiGrid). The investment proceeds will be used by IndiGrid to purchase five electricity transmission assets worth Rs11,500 crore ($1.66 billion) from Sterlite Power

(Dealstreet Asia)