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IndiGrid to buy 100% stake in NER II from Sterlite Power for Rs 4,625 crore Synopsis The indicative value of the acquisition is Rs 4,625 crore and would boost IndiGrid s asset under management (AUM) by 34 per cent to over Rs 20,000 crore (USD 2.8 billion). Agencies This project will strengthen the power transmission network in the North Eastern State Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission from Sterlite Power for about Rs 4,625 crore. The completion of acquisition would depend upon receipt of unitholders consent, regulatory and other relevant approvals, it said. India Grid Trust (IndiGrid) signed share purchase agreement on March 5, 2021 for acquisition of 100 per cent shareholding and economic interest, in one or more tranches, in NER II Transmission Ltd from Sterlite Grid 4 Ltd, a company statement said.

Pratik agarwalUnion territorySterlite power transmission ltdNer ii transmission ltdIndia grid trust indigridSterlite powerGrid trustSterlite gridInter state transmission schemeArunachal pradeshNorth eastern statesChief executive officerManaging directorInvestment managerIndia grid trustPower transmission projects