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India Grid Trust to go in for IPO

India Grid Trust to go in for IPO

India Grid Trust has filed its draft red herring prospectus with SEBI for a proposed IPO of Rs 2,650 crore. The investment trust, sponsored by Sterlite Power Grid Ventures Ltd, owns inter-state power transmission assets in India. Sterlite Infraventures Ltd is the investment manager of IndiGrid, while Axis Trustee Services Ltd is the trustee, IndiGrid said in a statement. Sterlite has a portfolio of 10 projects, spanning 7,000 circuit km in 15 states.

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