Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust has signed Share Purchase Agreements to acquire 100% of two power assets from ReNew group entities for a total enterprise value of around INR 2,108 crore (up to INR 2,175 crore including adjustments). The first is Koppal-Narendra Transmission Limited (KNTL), a BOOM inter-state transmission project in Karnataka with ~276 circuit km of lines and ~2,500 MVA capacity, valued at up to INR 745 crore with FY25E revenue of ~INR 79 crore. The second is ReNew Surya Aayan Private Limited (RSAPL), a 300 MW operational solar project in Barmer, Rajasthan with a 25-year PPA with SECI at INR 2.37/unit, valued at up to INR 1,430 crore with FY25E revenue of ~INR 163 crore. Both acquisitions are cash deals, not related-party transactions, and are subject to regulatory approvals. IndiGrid expects the combined assets to add over INR 100 crore to its annual Net Distributable Cash Flow (NDCF) and be accretive to its Distribution Per Unit (DPU).
The acquisition expands IndiGrid's portfolio with operational, long-term contracted assets in transmission and solar, supporting stable future distributions to unitholders. Funding will mix equity, internal accruals and debt, taking net debt/AUM to ~62%, which may pressure near-term DPU growth but supports long-term platform expansion.