IndiGrid completed the acquisition of a 74% stake in PKTCL from RInfra for $122.8m.

IndiGrid, an infrastructure investment trust, completed the acquisition of a 74% stake in Parbati Koldam Transmission, an electricity distributor, from Reliance Infrastructure, a company that generates, distributes, and transmits electricity, for $122.8m. The deal was announced in November 2020 with the signing of a definitive binding agreement between RInfra and IndiGrid and has now been completed with transfer of shares of PKTCL, and receipt of sale consideration.