Acquisitions25 Mar 2026, 10:55 am
IndiGrid Infrastructure Trust Acquires Securities from British International Investment and Norfund for INR 573 Crores
AI Summary
IndiGrid Infrastructure Trust has completed the acquisition of securities from British International Investment PLC (BII) and Norfund via KNI India AS for an enterprise value of approximately INR 573 crores, subject to closing adjustments as per definitive agreements. The acquisition was made on the operationalization of Gujarat BESS Private Limited, which is set up under a Build Own Operate (BOO) model. The project is expected to generate an annual revenue of over INR 97 Crore with a concession tenure of 12 years.
Key Highlights
- IndiGrid Infrastructure Trust acquires securities from British International Investment PLC and Norfund for INR 573 Crores
- The acquisition was made on the operationalization of Gujarat BESS Private Limited
- The project is set up under a Build Own Operate (BOO) model
- The project is expected to generate an annual revenue of over INR 97 Crore
- The project has a concession tenure of 12 years