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India Grid Trust completes acquisition of 74% stake in Jhajjar KT Transco

29 Sep 2020 Evaluate

India Grid Trust has completed acquisition of 74% paid-up capital of Jhajjar KT Transco (JKTPL) from Kalpataru Power Transmission (KPTL) and Techno Electric & Engineering Company (TEECL). The acquisition of aforesaid power transmission asset is in line with the IndiGrid investment strategy as provided in the Trust Deed with a focus to ensure stable distribution to unit holders by owning assets with long term contracts.

India Grid Trust operates as an infrastructure investment trust. The Company invests, designs, finances, constructs, and maintains power transmission projects. India Grid Trust serves customers in India.

Peers
Company Name CMP
Bajaj Finserv 1743.10
TVS Holdings 12355.25
Cholamandalam Fin. 1378.30
Altius Telecom Infra 175.00
Kama Holdings 2284.50
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