IndiGrid completes ₹573 crore acquisition of Gujarat BESS
after close1 source ↓written by the desknot a recommendation
IndiGrid Infrastructure Trust has finalized its acquisition of Gujarat BESS Private Limited for an enterprise value of ₹573 crores. The deal involved purchasing securities from British International Investment PLC and Norfund, ensuring operational readiness prior to ownership transfer. This acquisition strengthens IndiGrid's position in the energy storage sector, potentially enhancing its portfolio and revenue streams.
Not investment advice. For informational purposes only.