Sterlite Power Completes Ownership Transfer in IIML

Sterlite Power Transmission Limited, announced the successful sale of its remaining shareholding constituting 26% of the equity shareholding in IndiGrid Investment Managers Limited (IIML) - Investment Manager of India Grid Trust (IndiGrid), to Electron IM Pte. Ltd. (Electron), an affiliate of KKR & Co. Inc.

January 17, 2022. By News Bureau

Sterlite Power Transmission Limited, a leading private sector power transmission infrastructure developer and solutions provider, announced the successful sale of its remaining shareholding constituting 26% of the equity shareholding in IndiGrid Investment Managers Limited (IIML) - Investment Manager of India Grid Trust (IndiGrid), to Electron IM Pte. Ltd. (Electron), an affiliate of KKR & Co. Inc.

The ownership transfer has been effected as per the amended and restated shareholders agreement entered between Sterlite Power and Electron, dated August 4, 2020. Post this transfer, Electron will hold 100% equity shareholding in IIML.

Sterlite Power will continue its collaboration with IndiGrid and KKR to support infrastructure development in the country.

Sterlite Power is a leading private sector power transmission infrastructure developer and solutions provider with projects covering approximately 13,700 circuit kms of transmission lines across India and Brazil.

The Company has a portfolio of high-performance power conductors, extra high voltage (EHV) cables and optical ground wires (OPGW). The Company provides bespoke solutions for the upgrade, uprate and fiberization of existing transmission infrastructure projects. It is the sponsor of IndiGrid, India’s first power sector InvIT, listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited.

The Company was also recognised at The Economic Times Innovation Awards 2020 and is a recipient of awards from International Project Management Association (IPMA).
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