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Sterlite Power completes ownership transfer in IndiGrid Investment to Electron

09:58 PM Jan 14, 2022 | Agencies

Sterlite Power said that it has completed the transfer of its ownership in IndiGrid Investment Managers Ltd (IIML) to Electron IM Pte Ltd, an affiliate of KKR & Co Inc.

The ownership transfer has been effected as per the amended and restated shareholders agreement entered between Sterlite Power and Electron, dated August 4, 2020.

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Post this transfer, Electron will hold 100% equity shareholding in IIML, the company stated.

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Sterlite Power will continue its collaboration with IndiGrid and KKR to support infrastructure development in the country.

(With inputs from PTI)

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