Sterlite Power has completed the transfer of its ownership in IndiGrid Investment Managers Ltd (IIML) to Electron IM Pte Ltd, an affiliate of KKR & Co Inc.
January 14, 2022
Sterlite Power Transmission Ltd. has announced the successful sale of its remaining shareholding constituting 26 percent of the equity shareholding in IIML, the investment manager of India Grid Trust, to Electron IM Pte Ltd.
The ownership transfer has been effected as per the amended and restated shareholders agreement entered between Sterlite Power and Electron, dated August 4, 2020. After this transfer, Electron will hold 100 percent equity shareholding in IIML, the company said in a statement.
Sterlite Power will continue its collaboration with IndiGrid and KKR to support infrastructure development in the country.
