Announced
Completed
Financials
Tags
Completed
Infrastructure
India
Friendly
Acquisition
Single Bidder
Majority
energy transmission
Electricity Distribution
Private
Domestic
Private Equity
Synopsis
India Grid Trust, India's first listed power sector infrastructure investment trust, completed the acquisition of NER-II Transmission, a power transmission project, from Sterlite Power, a global developer of electric power transmission infrastructure and electric utilities solutions, for $616m. "We are excited with acquisition of NER-II which is one of the largest acquisitions in Indian power transmission sector in India. NER-II fits well with our strategy of focusing on operating assets with long term cash flows and minimal counter party risk," Harsh Shah, IndiGrid CEO.
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