IndiGrid, first infrastructure investment trust (InvIT) in the power sector, has acquired three more projects of its sponsor, Sterlite Power Grid Ventures, for Rs 1,490 crore.

These acquisitions result in a 40 per cent increase in asset under management to Rs 5,300 crore, said the company. The three assets consist of five transmission lines aggregating 1,425 circuit km, thereby increasing the total portfolio of IndiGrid to 13 transmission lines and two substations, across eight states.

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