17 Jan 2022 , 12:34 PM
Sterlite Power Transmission Limited (“Sterlite Power”), a leading private sector power transmission infrastructure developer and solutions provider has announced the successful sale of its remaining shareholding constituting 26%of the equity shareholding in IndiGrid Investment Managers Limited (“IIML”) - Investment Manager of India Grid Trust (“IndiGrid”), to Electron IM Pte. Ltd.(“Electron”), an affiliate of KKR & Co. Inc.
The ownership transfer has been effected as per the amended and restated shareholders agreement entered between Sterlite Powerand Electron,dated August 4, 2020. Post this transfer, Electron will hold 100% equity shareholding in IIML.
Sterlite Power will continue its collaboration with IndiGrid and KKR to support infrastructure development in the country, said the Company.
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