Industry

IndiGrid to buy FRV Solar units for ₹660 crore

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.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Oct 24, 2021 9:46:57 AM | https://www.thehindu.com/business/Industry/indigrid-to-buy-frv-solar-units-for-660-crore/article33374857.ece

Next Story