Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust has completed the acquisition of 100% paid-up capital and management control of Gadag Transmission Limited (GTL) from ReNew Transmission Ventures and KNI India AS on March 10, 2026. The Share Purchase Agreement for this deal was originally signed on December 2, 2025. The enterprise value of the deal is up to INR 372 crore, payable in cash, with additional earn-outs tied to change-in-law and availability-related payments. GTL is a power transmission asset in Karnataka with about 187 circuit km of transmission lines and 1,500 MVA transformation capacity, operational since September 2024, and is expected to generate around INR 36.43 crore in FY26 revenue. The acquisition is not a related-party transaction and was made to add a long-term contracted power transmission asset to IndiGrid's portfolio.
This acquisition expands IndiGrid's power transmission footprint with a long-term contracted asset, which should support stable distributions to unitholders over time. The INR 372 crore cash outlay is funded through existing arrangements, and unitholders can expect modest accretion to distributions as GTL's revenue and tariff-based earnings are consolidated.