Sterlite Power completed the divestment of a 14.7% stake in India Grid Trust for $112m.

Institutional investors completed the acquisition of a 14.7% stake in India Grid Trust, an infrastructure investment trust, from Sterlite Power, a power transmission project developer, for $112m. "Sterlite Power is proud to have played a role in creating India’s first power sector InvIT which has grown over the years with participation from marquee investors. We will now focus on our core business as the developer of power transmission assets. We firmly believe that InvITs will remain a powerful platform to meet the large-scale financing requirements of the Infrastructure sector," Pratik Agarwal, Sterlite Power Managing Director.