The Essel Group has sold the two transmission assets owned by Essel Infraprojects, Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Transmission Limited, to a fund managed by Edelweiss. Essel had entered into an agreement to sell the two assets to Sekura Energy Limited, a company owned by Edelweiss Infrastructure Yield Plus fund, in October 2018. The agreement also gave Edelweiss the right to purchase two other transmission assets owned by Essel-Warora-Kurnool Transmission Limited and NRSS XXXVI Transmission Limited, which are expected to be commissioned during this financial year. Reportedly, the collective enterprise value of the four transmission assets could be as much as Rs 60 billion.
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