KKR-backed IndiGrid acquires transmission asset for $134m
India Grid Trust (IndiGrid), an infrastructure investment trust backed by KKR and GIC Private, has acquired a power distribution company in northeast India for INR10.2 billion ($134 million).
KKR and GIC acquired stakes in IndiGrid last year for INR20.6 billion. Infrastructure investment trusts are fund-like instruments that pool infrastructure assets and raise capital from institutional and...
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