India Grid Trust to acquire Gadag Transmission of ReNew Transmission and KNI India for INR3.72bn.

Synopsis

India Grid Trust, an infrastructure investment trust, agreed to acquire Gadag Transmission of ReNew Transmission, an Indian private company, and KNI India, a joint venture between Norfund and KLP, for INR3.72bn.

Principals

target

Gadag Transmission

bidder

India Grid Trust

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Market Context