India Grid Trust (IndiGrid), India’s first power sector infrastructure investment trust (InvIT), has executed definitive agreements to acquire the Gadag Transmission Limited (GTL) interstate transmission system (ISTS) asset in Karnataka for INR3.72 billion, excluding net working capital and cash adjustments. An additional earn-out linked to change-in-law (CIL), availability, and bilateral billing-related recoveries may be payable […]
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