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India Grid Trust inks pact to acquire 100% units in Virescent Renewable Energy Trust

15 May 2023 Evaluate

India Grid Trust (IndiGrid) has signed a share purchase agreement for the acquisition of 100 per cent units in Virescent Renewable Energy Trust at an enterprise value of up to Rs 4,000 crore for cash consideration. The completion of the acquisition would depend upon receipt of Unitholders’ consent, regulatory and other relevant approvals as well as completion of contractual obligations.

India Grid Trust is an Indian power sector infrastructure investment trust.


Peers
Company Name CMP
Bajaj Finserv 1742.20
TVS Holdings 12355.30
Cholamandalam Fin. 1378.30
Altius Telecom Infra 175.00
Kama Holdings 2284.50
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