Sterlite Power completes ownership transfer in IIML to Electron

Sterlite Power Transmission Limited has announced the successful sale of its remaining shareholding constituting 26 per cent of the equity shareholding in IndiGrid Investment Managers Limited (IIML)- investment manager of India Grid Trustto Electron IM Private Limited (Electron), an affiliate of KKR & Co. Inc..

The ownership transfer has been effected as per the amended and restated shareholders agreement entered between Sterlite Powerand Electron,dated August 4, 2020. After this transfer, Electron will hold 100 per cent equity shareholding in IIML.Sterlite Power will continue its collaboration with IndiGrid and KKR to support infrastructure development in the country.