IndiGrid to acquire Rs 115 billion transmission assets from Sterlite Power

16 May 2019 CW Staff

The infrastructure investment trust (InvIT), India Grid Trust (IndiGrid) will be reportedly acquiring five electricity transmission assets worth Rs 115 billion from Sterlite Power.

The news comes after KKR and GIC announced fund infusion into IndiGrid. Reportedly, as a part of the deal KKR and GIC have invested Rs 10.84 billion and Rs 9.8 billion, respectively, to collectively acquire 42 per cent of IndiGrid’s outstanding units.

Backed by Sterlite Power Grid Ventures, IndiGrid was established in 2016 in order to own inter-state power transmission assets in India. It is expected to issue preference shares worth Rs 25.14 billion to acquire the power transmission assets from Sterlite.

This further marks KKR’s first infrastructure investment in Asia Pacific. With this deal, KKR has reportedly applied to become a sponsor of IndiGrid and is in plans to acquire an additional 15 per cent of IndiGrid’s total units from Sterlite Power. However, post transaction closure, KKR and GIC are expected to own nearly 57 per cent of IndiGrid’s outstanding units.

The new capital investment is expected to help IndiGrid achieve the goal of Rs 170 billion of assets under management. Furthermore, reports suggest that it also plans to achieve Rs 300 billion of assets under management (AUM) by 2022.

In a separate transaction, KKR will reportedly acquire a majority shareholding in Sterlite Investment Managers, the investment manager owned by Sterlite Power. However, Sterlite Power will remain a sponsor and Project Manager of IndiGrid.

Real Estate

28 Oct 2025

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Driving Infrastructure Forward with Trustworthy AI

At its Year in Infrastructure 2025 conference in Amsterdam, Bentley Systems reaffirmed its vision for trustworthy AI and connected digital ecosystems shaping the future of infrastructure engineering. The company unveiled AI-powered design applications and Bentley Infrastructure Cloud Connect, a unifying platform connecting data, workflows and professionals across the project lifecycle.“AI is poised to transform infrastructure,” said Nicholas Cumins, CEO, Bentley Systems. “At Bentley, our vision is for AI to empower engineers – not replace them. Trustworthy AI, built on infrastruct..

Indian Real Estate Sector Sees Highest Capital Inflow in Seven Years

Equirus Capital, a leading full-service investment banking firm, has reported that India’s real estate sector has witnessed its highest capital inflow in seven years, with funds raised reaching ₹23,080 crore across 12 deals.According to Equirus Capital’s analysis, the cumulative capital raised by the sector since FY18 stands at ₹72,331 crore. Of this, Real Estate Investment Trusts (REITs) accounted for the largest share at ₹31,241 crore, followed by large-cap real estate companies at ₹20,437 crore, mid-cap players at ₹12,496 crore, and small-cap firms contributing ₹8,156 crore...