IndiGrid unitholders approve KKR as InvIT sponsor with special majority

The PE firm, which earlier withdrew intent to become a sponsor in August, made a fresh application again this month

India Grid trust (IndiGrid) on Tuesday said, its unitholders have approved the induction of Esoteric II Pte, an affiliate of KKR & Co, as a sponsor with a special majority of more than 75 per cent.  The private equity firm, which earlier withdrew intent to become a sponsor in August, made a fresh application again this month.

IndiGrid also looks to add operational solar power generation projects to its current portfolio of transmission assets as a long-term strategy.

“The special resolution to induct Esoteric II as a sponsor was passed with a special majority in the third annual general meeting