Sterlite Power Transmission and US private equity giant KKR have agreed to be cosponsors and together manage the former’s infrastructure investment trust, India Grid Trust, according to executives involved in the transaction, which is the first-of-its-kind in the country’s power sector. India Grid Trust (IndiGrid) is aiming to raise Rs 2,560 crore through a qualified institutional placement that opened on Tuesday.
— The Economic Times
S&R Associates advised
Latham & Watkins LLP was US legal counsel to the
Cyril Amarchand Mangaldas acted as Indian legal counsel to
2019-05-01
Deal value: ₹25.14 billion
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