KKR & Co. backed India Grid Trust (IndiGrid), India’s first listed power sector infrastructure investment trust (InvIT), will buy all units of KKR-sponsored Virescent Renewable Energy Trust (VRET) along with the investment manager and project manager, at an enterprise value of ₹4,000 crore.
VRET, India’s first renewable InvIT, on Friday announced signing of definitive agreements for the acquisition.
KKR was earlier planning to sell its 77% stake in VRET along with an 86.4% stake in the investment manager (IM), with JP Morgan running the sale process.
Abu Dhabi-based Multiply Group PJSC, Actis LLP and Jindal Steel and Power were looking to buy the stake. Virescent was set up by KKR in October 2020 to acquire operating renewable energy assets in India and currently has an installed capacity of 538 megawatt (MW).
Bu hikaye Mint Mumbai dergisinin May 13, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin May 13, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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