India Grid Trust, India’s first power sector InvIT, is expected to witness an Offer For Sale (OFS) this week, with sponsor Esoteric II Pte, an affiliate of KKR, likely to offload a 17.32 percent stake.
According to sources quoted by CNBC-TV18, the OFS is scheduled for August 22-23, with the offer opening for non-retail investors on August 22 and for retail investors on August 23. The OFS will have a base offer of 9.66 percent stake, with an option to oversubscribe by an additional 7.66 percent.
At the close of trading on Wednesday, India Grid InvIT’s shares settled at Rs 136.80 each on the BSE, down slightly by 0.20 percent.
India Grid Trust, a SEBI-registered entity, was established in 2016 under InvIT regulations to own power transmission and renewable energy assets.
