BSEGeneral1h ago · 26 Sept 2026, 12:55 pm
Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
IndiGrid Infrastructure Trust · 540565
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IndiGrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue, execution of Securities Purchase Agreement(s) for acquisition of Luhri Power Transmission Limited.
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IndiGrid Infrastructure Trust - 540565 - Reg 23(5)(i): Disclosure of material issue
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INDIGRID INVESTMENT MANAGERS LIMITED
Date: September 26, 2026
B S E Limited National Stock Exchange of India Ltd
Department of Corporate Services Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza, C/1, Block G, Bandra-Kurla
Dalal Street, Mumbai — 400 001 Complex, Bandra (East), Mumbai — 400 051
Security Code- 540565 Symbol- INDIGRID
Sub: Intimation of execution of Securities Purchase Agreement(s) for acquisition of Luhri Power
Transmission Limited
Dear Sir/ Madam,
Pursuant to Regulation 23(6)(a) and/ or any other applicable provisions of the Securities and Exchange Board of
India (Infrastructure Investment Trusts) Regulations, 2014, as amended from time to time read with circulars
and guidelines issued thereunder (“InvIT Regulations”), and other applicable laws and regulations, we hereby
inform you that IndiGrid Infrastructure Trust (“IndiGrid”) has executed Securities Purchase Agreement(s) dated
September 25, 2026, for the acquisition of Luhri Power Transmission Limited (“Project or LPTL”), from Enerica
ReGrid Infra Private Limited (“EnerGrid”), having a common director, or any group entity of EnerGrid, in one or
more tranches, post becoming completed and revenue generating project at an enterprise value not exceeding
INR 13,360 million, subject to closing adjustments on acquisition date, in accordance with Transmission
Service Agreement (“TSA”) along with the lock-in restrictions thereunder. The proposed acquisition is subject
to the approval of the unitholders of IndiGrid.
The disclosure of the proposed acquisition is enclosed hereto as Annexure-A.
You are requested to take the same on your record.
Yours sincerely,
For and on behalf of IndiGrid Investment Managers Limited
Representing IndiGrid Infrastructure Trust as its Investment Manager
Urmil Shah
Company Secretary & Compliance Officer
ACS-23423
Axis Trustee Services Limited
The Ruby, 2nd Floor, SW 29 Senapati Bapat Marg,
Dadar West, Mumbai 400 028, Maharashtra, India
IndiGrid Investment Managers Limited
Registered & Corporate Office: Unit No. 101, First Floor, Windsor, Village KoleKalyan, off CST Road, Vidyanagari Marg, Kalina,
Santacruz (East), Mumbai – 400 098, Maharashtra, India CIN: U28113MH2010PLC308857
Ph: +91 72084 93885 | Email: complianceofficer@indigrid.com | www.indigrid.co.in
INDIGRID INVESTMENT MANAGERS LIMITED
Annexure A
Details of Asset Proposed to be Acquired
S. No. Particulars Details
1. Name of the target entity, details in brief such Name: Luhri Power Transmission Limited (“LPTL”)
as size, turnover etc.
Paid up capital: INR 5,00,000
Turnover: Nil (currently under construction)
2. Whether the acquisition would fall within In accordance with Regulation 2(1)(zv) of the InvIT Regulations,
related party transaction(s) and whether the Terralight Solar Energy Tinwari Private Limited (“TSETPL”)
promoter/ promoter group/ group companies being group entity of EnerGrid having a common director with
have any interest in the entity being acquired? the Investment Manager of IndiGrid is a related party.
If yes, nature of interest and details thereof
and whether the same is done at “arm’s The transaction will be completed at an arm’s length price and
length” as per the valuation report taken as per InvIT Regulations and
subject to compliance with InvIT Regulations.
3. Industry to which the entity being acquired Power Transmission (Inter-State Transmission (ISTS) project)
belongs
4. Objects and effects of acquisition (including The acquisition of the aforesaid power transmission asset is in
but not limited to, disclosure of reasons for line with IndiGrid’s investment strategy as provided in the Trust
acquisition of target entity, if its business is Deed with a focus to ensure stable distribution to unitholders by
outside the main line of business of the listed owning assets with long term contracts.
entity)
5. Brief details of any governmental or regulatory The governmental, regulatory or any other approvals, as may be
approvals required for the acquisition required, to be obtained for the aforesaid acquisition.
6. Indicative time period for completion of the Post becoming completed and revenue generating project, in
acquisition one or more tranches, in accordance with TSA and SEBI InvIT
Regulations and subject to receipt of requisite approvals for the
acquisition (“Acquisition Date”).
7. Nature of consideration – whether cash Cash or any such other manner as mutually agreed between the
consideration or share swap and details of parties and subject to InvIT Regulations
the same
8. Cost of acquisition or the price at which the The Enterprise Value not exceeding INR 13,360 million, subject
shares are acquired to all other closing adjustments as specified in the Securities
Purchase Agreement(s) entered into.
9. Percentage of shareholding / control acquired IndiGrid to acquire, in one or more tranches, entire shareholding
and / or number of shares acquired and management control in LPTL subject to approval of
unitholders, the terms of Securities Purchase Agreement(s),
TSA, SEBI InvIT Regulations and requisite regulatory approvals.
10. Brief background about the entity acquired in LPTL was incorporated on October 28, 2022, by REC Power
terms of products/ line of business acquired, Development and Consultancy Limited (“REC”) to execute
date of incorporation, history of last 3 years project i.e. “Transmission system for evacuation of power from
turnover, country in which the acquired entity Sunni Dam HEP and Luhri Stage-I HEP”
has presence and any other significant
information (in brief); The expected Commercial Operation Date (“COD”) is Q3’FY
2030.
IndiGrid Investment Managers Limited
Registered & Corporate Office: Unit No. 101, First Floor, Windsor, Village KoleKalyan, off CST Road, Vidyanagari Marg, Kalina,
Santacruz (East), Mumbai – 400 098, Maharashtra, India CIN: U28113MH2010PLC308857
Ph: +91 72084 93885 | Email: complianceofficer@indigrid.com | www.indigrid.co.in