IndiGrid InvIT Fund has signed a definitive agreement with Techno Electric and Engineering Company for investment in the Patran Transmission Company for Rs 232 crore.
IndiGrid has right of first offer (ROFO) on eight more assets belonging to sponsors, of which 3 assets have qualified to be dropped into the company, said Pratik Agarwal, CEO, India Grid Trust.
India Grid Trust has reported their first numbers after listing and is also considering acquiring four projects from the sponsor. In an interview to CNBC-TV18, Pratik Agarwal, CEO of India Grid Trust spoke about the results and his outlook for the company.