IndiGrid’s unit holders approve acquisition of three power assets

IndiGrid’s stakeholders have approved the acquisition of RAPP Transmission Company Limited, Purulia and Kharagpur Transmission Company Limited and Maheshwaram Transmission Limited from Sterlite Power Grid Ventures Limited. IndiGrid is expected to complete these acquisitions by March 2018. This is likely to result in an annual distribution per unit growth of about 4 per cent from Rs 11 per unit to Rs 11.44 per unit.