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India Grid Trust signs securities purchase agreement

19 Dec 2020 Evaluate

India Grid Trust has signed a Securities Purchase Agreement on December 18, 2020, for the acquisition of 100% in FRV Andhra Pradesh Solar Farm-I & FRV India Solar Park II - from FRV Solar Holdings XI B.V. The completion of acquisition would depend upon receipt of relevant approvals and completion of contractual obligations.

Cyril Amarchand and PriceWaterHouse Coopers represented IndiGrid on the transaction. Khaitan & Co and Greenstone Advisors represented FRV Group on the transaction.

Peers
Company Name CMP
Bajaj Finserv 1702.75
TVS Holdings 11222.85
Cholamandalam Fin. 1360.95
Altius Telecom Infra 171.48
Kama Holdings 2263.80
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