M&A

M&A

IndiaGrid acquires Raichur Sholapur Transmission

BSE Disclosure  

IndiGrid Trust is to acquire a 100% stake in Raichur Sholapur Transmission Company Private Limited from Patel Engineering Limited (owning 33.34% stake), Simplex Infrastructures Limited (owning 33.33% stake) and BS Limited (owning 33.33% stake) at a maximum Enterprise Value of INR 250 crore RSTCPL was incorporated in November 2009 and entered into agreements with long term transmission customers in August 2010. RSTCPL operates one single circuit 765 kV transmission line between Raichur and Sholapur, with a line length of approximately 208 ckms. The asset was fully commissioned in July 2014. During FY22, RSTCPL had reported a total Revenue of about INR 38.70 crore.