Acquisitions11 Mar 2026, 02:56 pm
IndiGrid Infrastructure Trust Completes Acquisition of Gadag Transmission Limited for INR 3720 Million
AI Summary
IndiGrid Infrastructure Trust has completed the acquisition of 100% paid-up capital and management control of Gadag Transmission Limited (GTL) from ReNew Transmission Ventures Private Limited and KNI India AS. The enterprise value of the transaction is INR 3720 million excluding all adjustments on account of working capital movements. GTL is a Build-Own-Operate-Maintain Inter-State Transmission System project located in Karnataka, with approximately 187 circuit kilometers of transmission lines and 1,500 MVA of transformation capacity. The transaction aligns with IndiGrid’s investment strategy to ensure stable distribution to unitholders by owning assets with long term contracts.
Key Highlights
- IndiGrid Infrastructure Trust has completed the acquisition of Gadag Transmission Limited for INR 3720 million.
- The acquisition includes 100% paid-up capital and management control of GTL from ReNew Transmission Ventures Private Limited and KNI India AS.
- GTL is a Build-Own-Operate-Maintain Inter-State Transmission System project located in Karnataka, with approximately 187 circuit kilometers of transmission lines and 1,500 MVA of transformation capacity.
- The transaction aligns with IndiGrid’s investment strategy to ensure stable distribution to unitholders by owning assets with long term contracts.
- The acquisition is in line with the Transmission Service Agreement and Definitive Agreement, with necessary governmental, regulatory or any other approvals obtained.