Virescent enters into landmark transaction with IndiGrid

Virescent Renewable Energy Trust (VRET) announced the signing of definitive agreements under which IndiGrid will acquire all the units under Virescent. This comes after a competitive sales process that drew interest from a number of high-calibre investors across the world. IndiGrid’s impending acquisition comes as Virescent’s Board of Directors approved its financials for the financial year ending March 31, 2023.