Business Standard

Sterlite Power offloads 14.7% stake in IndiGrid for Rs 840 crore

IndiGrid is India's first infrastructure investment trust in the power sector

stake, share, investment, equity, shareholder, promoter, banks, disinvestment, markets, returns, stocks,diversification
Premium

The sale of its stake has been made to institutional and HNI investors, the company said in a statement

Press Trust of India New Delhi
Sterlite Power on Friday said it has sold 14.7 per cent stake held in India Grid Trust (IndiGrid) for Rs 840 crore to institutional and high net worth individual (HNI) investors.
IndiGrid is India's first infrastructure investment trust in the power sector.
Sterlite Power has sold 14.7 per cent stake in IndiGrid with the transaction valued at Rs 840 crore at a unit price of Rs 98. The sale of its stake has been made to institutional and HNI investors, the company said in a statement.
"Sterlite Power is proud to have played a role in creating India's first power sector InvIT which

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in