IndiGrid Infrastructure Trust , India's first and largest publicly listed power sector Infrastructure Investment Trust (InvIT), has announced a strategic move to strengthen its presence in Karnataka's power transmission sector. The company has executed a share purchase agreement to acquire 100% shareholding of Gadag Transmission Limited (GTL) from ReNew Transmission Ventures and KNI India AS for an enterprise value of INR 372.00 crore.

Strategic Acquisition Details

• Asset: Gadag Transmission Limited (GTL)
• Enterprise Value: INR 372.00 crore
• Sellers: ReNew Transmission Ventures and KNI India AS
• Type: Inter-State Transmission System (ISTS) project

Key Highlights of the Acquisition

Solar Power Evacuation

GTL plays a crucial role in evacuating approximately 2,500 MW of solar power from the Gadag Solar Energy Zone in Karnataka.

Financial Impact

The acquisition is expected to contribute INR 18.00 crore to IndiGrid's annual Net Distributable Cash Flow (NDCF) in the near term.

Asset Specifications

• 187 circuit kilometers of transmission lines
• 1,000 MVA substation
• Operational since September 2024

IndiGrid's Financial Position

To provide context for this acquisition, let's look at IndiGrid's recent financial data:

The acquisition of GTL aligns with IndiGrid's strategy of expanding its portfolio of critical grid assets. With this addition, IndiGrid continues to strengthen its position in the power transmission sector, particularly in supporting India's renewable energy integration efforts.

The transaction is subject to customary adjustments and regulatory approvals. Once completed, it will further diversify IndiGrid's asset portfolio and potentially enhance its ability to deliver stable returns to unitholders.

As India continues its push towards renewable energy, acquisitions like these play a vital role in ensuring the necessary infrastructure is in place to support the country's growing clean energy capacity. IndiGrid's move demonstrates its commitment to participating in and facilitating India's energy transition journey.

IndiGrid Infrastructure Trust , a leading infrastructure investment trust in India, has submitted its revised unitholding pattern to stock exchanges following the completion of a preferential issue and capital restructuring. The trust's latest filing reveals significant changes in its ownership structure and total outstanding units.

Key Highlights of the Updated Unitholding Pattern

• Total Outstanding Units: The trust now has 86,05,40,180 total outstanding units, an increase from the previous 83,45,58,088 units.
• Public Holding: Public unitholders now own 98.77% of the trust, a slight increase from the previous 98.73%.
• Sponsor Group Holding: The sponsor group's holding has decreased marginally to 1.23% from 1.27%.

Detailed Breakdown of Unitholding

Notable Changes in Institutional Holdings

• Foreign Portfolio Investors: Remain the largest institutional unitholders with 29,74,09,245 units, representing 34.56% of the total.
• Insurance Companies: Hold 10,04,97,826 units, accounting for 11.68% of the trust.
• Mutual Funds: Own 1,76,84,121 units, constituting 2.06% of the total units.

Non-Institutional Holdings

• Individuals: Hold 24,63,21,894 units, representing 28.62% of the trust.
• Bodies Corporates: Own 14,09,05,878 units, accounting for 16.37% of the total units.

The updated unitholding pattern reflects IndiGrid Infrastructure Trust's recent capital restructuring efforts, which have resulted in a slight increase in public ownership. This change may potentially enhance the trust's liquidity and broaden its investor base.

Investors and market participants are advised to consider this updated information when evaluating their investment decisions related to IndiGrid Infrastructure Trust.