IndiGrid to Acquire Luhri Power Transmission for up to ₹13,360 Million
IndiGrid Infrastructure Trust announced its intent to acquire Luhri Power Transmission Limited (LPTL) for an enterprise value not exceeding INR 13,360 million. The acquisition, which is subject to unitholder approval, involves a power transmission asset currently under construction. LPTL, incorporated in October 2022, is expected to commence commercial operations in Q3 FY2030. This move aligns with IndiGrid's strategy to acquire stable, long-term contracted assets to ensure consistent unitholder distributions. The transaction is structured as a related party transaction, as LPTL's group entity shares a common director with IndiGrid's Investment Manager, but will be conducted at an arm's length price.
Key Highlights
- IndiGrid plans to acquire Luhri Power Transmission Limited (LPTL).
- Enterprise value for the acquisition is capped at ₹13,360 million.
- Acquisition is subject to unitholder approval and regulatory compliance.
- Transaction is considered a related party deal but will be at arm's length.
- Acquisition aligns with IndiGrid's strategy for stable, long-term assets.
Price Impact
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