Sterlite Power successfully completes ownership transfer in IndiGrid Investment Managers

17 Jan 2022 , 10:45 AM

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.