India Grid Trust (BSE:540565) agreed to acquire Virescent Infrastructure Investment Manager Private Limited from Terra Asia Holdings II Pte. Ltd. for enterprise value of approximately INR 190 million on May 12, 2023. The transaction is subject to Unitholders?

consent, regulatory and other relevant approvals as well as completion of contractual obligations. The transaction was approved by the unitholders of IndiGrid. Ashwath Rau and Atreya Bhattacharya of AZB & Partners advised the India Grid Trust on this deal.

J.P. Morgan (S.E.A.) Limited acted as financial advisor to KKR, parent of Terra Asia Holdings II Pte. Ltd. Ian C. Ho, Erik Ping Wang, Meredith B. Jones and Étienne Renaudeau of Simpson Thacher & Bartlett LLP acted as legal advisor to KKR, parent of Terra Asia Holdings II Pte. Ltd.