India: IndiGrid buys another Sterlite transmission line for $145.7m

IndiGrid, a listed infrastructure investment trust (InvIT) for power transmission lines, has approved the acquisition of East North Interconnection Company Ltd Transmission Company Limited (ENICL), at a value of ₹1,020 crore from Sterlite Power Transmission Ltd, a press release from the company said. This acquisition would increase the value of IndiGrid’s assets under management by 10% to ₹12,100 crore.