India Grid Trust (IndiGrid), an infrastructure investment trust, has completed the acquisition of three transmission assets from its sponsor, Sterlite Power Grid Ventures Ltd. The three assets include RAPP Transmission Co., Purulia and Kharagpur Transmission Co. and Maheshwaram Transmission (together known as MRP). IndiGrid has also acquired 46% stake in Patran Transmission Co. Ltd (PTCL) from Techno Power Grid Co. Ltd, Techno Electric & Engineering Co. Ltd and its nominee shareholders. The sum paid for the investment in PTCL is Rs.232 cr.
India Grid Trust buys 3 transmission assets, picks up 46% stake in Patran
Date posted: Wednesday 21 February 2018