IndiGrid Infrastructure Trust has executed a share purchase agreement to acquire 100% of Gadag Transmission, with an enterprise value not exceeding ₹3,720 million. This acquisition aligns with IndiGrid’s growth strategy of disciplined investment in quality power transmission assets to enhance its portfolio and stable returns.
IndiGrid Infrastructure Trust, India’s premier power transmission InvIT, announced on December 2, 2025, the signing of a definitive Share Purchase Agreement to acquire the entire shareholding of Gadag Transmission. The enterprise value of the transaction will not exceed ₹3,720 million.
This acquisition is part of IndiGrid’s ongoing expansion in the transmission infrastructure sector, aimed at strengthening its asset base and ensuring stable income streams for its unitholders. IndiGrid’s portfolio is already diversified across transmission lines and substations, and this move enhances its foothold in critical power transmission assets.
Key Highlights:
IndiGrid to acquire 100% ownership of Gadag Transmission with an enterprise value cap of ₹3,720 million.
The acquisition complements IndiGrid’s strategy of disciplined growth through operational and contracted power transmission assets.
IndiGrid currently manages a vast portfolio including multiple transmission lines and solar power assets, focusing on stable long-term returns.
The transaction reinforces IndiGrid’s position as a leading Infrastructure Investment Trust in the Indian power sector.
Completion of the acquisition is subject to customary regulatory approvals and conditions precedent.
The acquisition broadens IndiGrid’s transmission footprint and is expected to contribute positively to its financial and operational metrics, supporting India’s growing demand for stable power infrastructure.
Source: IndiGrid Infrastructure Trust official announcement via NSE filings and IndiGrid website.