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IndiGrid to buy FRV Solar units for ₹660 crore

December 19, 2020 10:39 pm | Updated 10:39 pm IST - NEw Delhi

PTI

Infrastructure investment trust IndiGrid said it has inked an agreement to acquire 100% stake in two projects of FRV Solar Holdings for ₹660 crore.

The completion of acquisition would depend upon receipt of relevant approvals, IndiGrid said.

“India Grid Trust (IndiGrid) has signed a securities purchase agreement on December 18 for acquisition of 100% in FRV Andhra Pradesh Solar Farm-I Private Ltd & FRV India Solar Park II — Private Ltd from FRV Solar Holdings XI BV,” it said. The enterprise value of the deal is ₹660 crore, IndiGrid added.

Related Topics

solar / civic infrastructure

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