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IndiGrid completes acquisition of GPTL Transmission project from Sterlite Power at an enterprise value of INR 10.8 Bn
Mumbai. India Grid Trust (“IndiGrid”), India’s leading infrastructure investment trust, today completed acquisition of another transmission asset – Gurgaon Palwal Transmission Limited (“GPTL”), from Sterlite Power at an enterprise value of ~INR 10.8 Bn (USD 150 Mn). With this acquisition, IndiGrid’s AUM has increased by ~9% to ~INR 133 Bn (USD 1.80 Bn). IndiGrid’s asset portfolio will now consist of 10 power transmission projects, with a total network of 25 power transmission lines and 7…
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