MUMBAI: Private equity firm KKR-backed India Grid Trust (IndiGrid) is acquiring a transmission asset from Sterlite Power for ₹1,050 crore, a senior executive at IndiGrid told Mint in an interaction.
IndiGrid is one of India's two listed infrastructure investment trusts (InvIT). An InvIT is a pool of money collected from investors to manage operational infrastructure projects in return for a regular yield to its unit holders. "Last month we closed the acquisition of East North Interconnection Company Ltd for ₹1,020 crore and now we are acquiring Gurgaon Palwal Transmission Ltd (GPTL) for ₹1,050 crore," said Harsh Shah, chief executive officer at IndiGrid.