Edelweiss-backed fund to buy Essel Infraprojects' assets for Rs 60 billion

The statement added that Sekura will acquire two under-construction assets

Edelweiss Infrastructure Yield Plus (EIYP) fund-backed Sekura Energy has entered into an agreement with Essel Infraprojects to acquire two of its operating transmission assets. Sekura Energy is also looking to acquire another two under-construction transmission assets, once complete. The four assets are together valued at Rs 60 Billion, Essel said in its statement.

“Edelweiss Infrastructure Yield Plus fund-backed Sekura Energy has signed an agreement to acquire a stake in two operating power transmission assets from Essel Infraprojects, namely Darbhanga-Motihari Transmission and NRSS XXXI (B)Transmission,” Essel said in its statement. The deal for these two assets is expected to be closed in