Sterlite Power Grid Ventures Limited acquires 28.4 per cent stake in its transmission infrastructure business from SCPE

February 4, 2018

Sterlite Power Grid Ventures Limited has acquired a 28.4 per cent stake worth Rs 10.1 billion in its transmission infrastructure business from Standard Chartered Private Equity Limited (SCPE). With this, the company now holds a 100 per cent stake in its business. SCPE had acquired the stake in Sterlite for Rs 5 billion in 2014 and this was the first private foreign investment in the Indian transmission sector. Sterlite presently owns projects of over 10,000 ckt km and 15,000 MVA across India and Brazil.